When I first began homeschooling, one of my favorite places to go on the web for my preschooler/kindergartner was www.starfall.com. It is full of student-led opportunities to develop phonemic awareness and other basic language arts skills.
Starfall first opened in September 2002 as a free resource to help kids to read. Since then, it has expanded into a website full of fun games and learning tools for kids to use--even on their own! Young students love the thrill of educational independence! Starfall has become a substantial help for kids everywhere.
As most families who homeschool, we are on an uber-tight budget. I have to be very careful what I buy as far as curriculum goes. We can't afford to buy things we won't use, or buy things that have all the bells and whistles. There is no complaining here. I think there are many excellent resources available that fall into the "low-cost" and "free" category (www.multiplication.com is one of them! ;o).
Starfall.com happens to carry one of my all-time favorite staple: Writing Journals! These small, minimal journals are really all you need as your child begins to learn to write. They are super-sturdy, with nicely-weighted paper, and allow plenty of space for your beginning writer. What's more? They are very affordable!
Another item I have really enjoyed is this set of Cut-Up/Take Home Books. They come in a pack of 15 and made a wonderful party favor for one of my little girl's birthday parties!
Check out all of Starfall's low-cost educational items, here.