Does the $500 budget include for wheels and tires or is that seperate? If that is the total budget you can forget it. I have a 2.25" BB on my 98 ZJ with 31x10.5x15 MTs on Soft 8s. Total investment for that was as follows
2.25" BB with shocks $230
Soft 8 wheels x5 $200
31x10.5.15 MT x4 $450
used 31x10.5x15 AT $35
98 ZJ 5.2L Limited, 2.25" Budget Boost, 31x10.5x15 Definity Dakota MTs, Westin Safari Bar, Hella 500 Driving Lights.