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London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
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@Booga
Welcome to the forums.
Converting a bike to fixed gear doesn't have to be a bottomless pit, it depends on what you start with and wether you feel you *need *to have lots of shiny components or can make do with what came with the bike. In theory you could start with an old 10 speed bike and replace the back wheel and leave it at that. If the bike is complete and in a rideable condition you'll have everything else you need.
My bike is an old 10 speed rescued from rusting in a garden. I replaced everything except the frame, fork, BB, seatpost, stem and headset, mostly from 2nd hand parts and spent less than £200. If you start with a bike in good enough condition you can easily do it for less than that.