Anything leather is great...the thicker the better. I had a nice thick jacket and crashed with it on...saved my hide, literally. Would have taken a couple ounces of flesh off me for sure, but instead took a couple ounces off the dead cow I was wearing. The cordura jackets with armor are great too, but make sure to get one that is build for riding. You don't want to buy one that will melt onto your skin if you happen to slide on the pavement for a while. For a helmet, spend whatever amount you need to for it to be comfortable, properly fitted, and properly rated. I usually plan to pay $150-500, depending on what I want. I prefer a full face, because I like my face and would prefer to keep it if I crash. I really like the higher end HJC helmets for the cheaper end, and Shoei or Arai for the higher end.
But bottom line, get one that fits right. A loose helmet is almost useless, and one that gives you a headache or has poor ventilation ruins any enjoyment you will get from riding. Helmets are the one place you do not want to skimp on.
id also like to add. that the leather is great for right now but plan on buying something besides that leather jacket. if you buy a new jacket look to make sure it has not just elbow and upper back protection but also lower spine. and wear the helmet in the store for about 10 min as your shopping. if it is comfortable and not too hot youll most likely like it on the road.