your first step in the improvement of that truck, to be completely honest, would be to get rid of the training wheels that it has now, and get a new set of wheels + tires. if "a few hundred" is what you've got to spend, then that might be stretching it & a lift might be in a couple months' worth of saving. if you want a lift, consider the tire size ahead of time. Also, if you're more about show than go, take a peak at some front end & rear modifications (light + billet). oh, and tint? exhaust is a nice change as well. my gibson swept side aluminized only cost me ~250. +personal labor =)
FYI: make a sig with the bare bones of your truck's info so we can answer questions easier.
--01 Edge 2wd 4dr supercab--4.0L SOHC--31 BFG A/T ko tires--15x8 KMC XD series Assault wheels--Gibson swept Side exhaust--K&N Filter--carriage works black billet grille--speed fantasy black headlights--Blacked Taillights--bumper mod--Cranked T-bars--Rancho RS5000 Shocks --Tint--Blue Gauges & HVAC--and a System to go with it all--