Newbie question on where to spend my few pp's

[Jimjam]

My rough plan for gearing a paladin from scratch:

~ 1:2 ration weapon for 100pp

Banded armour ~100AC ~100pp

Platinum Fire Wedding rings (5AC 55HP 250pp each)

Save for FBSS or loot hangman's noose / sky rot belt (I think it is only 16% for paladins)

tinker bags

... regen tunic? overthere gatehammer?

Don't waste your money on peripheral spells that are rarely used or quickly replaced.