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Seriously...don't worry about buying equipment before level 10...the quests are so linear and led, you don't need anything.
Resist the urge to buy that Sword you will just sell next level.
Wait until it really matters, and you can jump a good 6 or 7 DPS for a weapon, and a nice rare shield. anything before it, isn't worth upgrading.
Also, I'm less high on mounts than most. Early on, everything is close enough together, that mounts to me - are a fun luxury, not a need. At level 15, it begins to hassle without a mount.
Personally, I am saving not for a mount - but for a housing plot. I want it by lvl 15 or 16.
-Eclipse
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Without honor - what are you but a pile of metal?
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