As you level, you will buy new ranks of spells. If you splurge out on an item upgrade, you will not have enough gold readily available to upgrade to the latest ranks of spells: placing you behind. Moreover, you can buy gear upgrades from the Auction House (AH) or vendors. Furthermore, you may have large investments that need to be paid for professors. You will need to purchase reagents and items such as leather, bolts of cloth, alchemy supplies – unless you have a charitable friend or another high-level alt. 

Check Item's Vendor Price before posting it on the Auction House - Selling items on the Auction House below their Vendor value is a common mistake. Avoid it like fire, and always make sure that you are not losing Gold on your Auctions. If you plan to sell an item on the AH for a price just a tiny bit higher than its Vendor value, you might be better off just vendoring the said item (this will allow you to avoid the risk of losing an Auction fee if your Item doesn't sell).
Nov 15 Managing your time and Classic So how are you guys thinking you're going to do it? I know when I played Vannila, I sunk so much time into it as I didn't have any responsibilites. Nowadays I work 24 on, 48 off (which is actually good, except for raid days) and have a wife. I figure a lot of you will be in the same boat. That may be a good thing as it can slow the pace a bit.Crupzz4 Nov 15
Nov 15 My only complain about Classic... ...Horde doesn't have any nice looking races. In my mind each class has best RPG based race for it. So, I like Gnomes because I feel them Mages. Night Elves - Hunters. Humans - Paladins. On Horde side: Undead - ugly. Trolls - ugly. Orcs... uhh fine as Warriors, but I don't play warriors. Tauren - Warriors or Shaman, again don't play those. Blood Elves! Give me Blood Elves!Vlasta36 Nov 15

Nov 15 Guild Banks Pt. 14 So let's take our minds off subs and sharding and have a nice classic discussion about guild banks. Guild banks are still by far the least impactful on gameplay and most spirit of Vanilla community change one could request. Not only that the log keeps officers and gm's honest. Without logs they are free to skim off the top of donations and trivialize their epic mount purchase. Thoughts?Padrepwn91 Nov 15
World of Warcraft is very old, by videogame standards. It was released in 2004. And about every two years, Blizzard releases a new expansion to update the game. Typically expansions don't really replace content, but it does displace it, and changes to mechanics and player abilities are indeed permanent and "retroactive". And in 2010, the Cataclysm expansion DID actually replace the old content from the release game.
Plaguebats (marked BLUE on the map) - These Plague-affected beastly flying creatures roam southern parts of the Eastern Plaguelands. Slaying them will provide you with a lot of Vendor Trash Items (Evil Bat Eye, Bat Ear, Sleek Bat Pelt, and Large Bat Fang), Wicked Claws (used in Leatherworking and Blacksmithing Recipes), and maybe some 16 Slot Bags. Bats can also be Skinned for Rugged Leather, Thick Leather, Thick Hide, and Rugged Hide, so Skinning Profession is recommended for this Spot. Plague Bats have access to the Terrifying Screech Ability, so they can get annoying at times, especially for melee Classes, but are a great source of Gold nevertheless. Recommended Level - 53+.

Tyr's Hand (marked RED on the map) - One of the Scarlet Crusade's Bastions, the Tyr's Hand is located in the south-eastern part of the Eastern Plaguelands. Scarlet Crusade members that can be encountered there have a very good Loot Table. The main focus here will be the Scarlet Archmage (which is an Elite, so farming them solo might not be possible for some Classes). the Archmage drops a lot of Runecloth, ~14 Silver worth of Pocket Money on average, and most importantly, the Formula: Enchant Weapon - Crusader which is very valuable to all Enchanters and achieves really high prices on the Auction House. Mobs encountered in Tyr's Hand can be Pickpocketed, so this is a quite good spot for experienced Rogues. Recommended Level - 60 (some Classes might be required to find a Farming Partner and go in as a duo).
Acidmaw Bears, Grizzlies, and Maulers (marked BLUE on the map) - The once majestic Bears of Felwood are now corrupted by Fel Magic. Free them from their painful existence, and earn some Gold in the process. Felwood's Bear species drop a lot of Vendor Trash Items (Bear Jaw, Bear Flank, Savage Bear Claw, and Large Bear Bone), 14 Slot Bags, rare 16 Slot Bags, and most importantly can be Skinned for Thick Leather, Rugged Leather, Warbear Leather (used by Leatherworkers for Warbear Harness and Warbear Woolies Recipes), Thick Hide, and Rugged Hide (Skinning is recommended for this Farming Location, as it will greatly increase potential profits).
Even though a modern server architecture is used, Classic servers won't have the same features that current World of Warcraft does. There won't be cross-realm servers or Looking For Raid and Dungeon Finder automatic party matchmaking. There are still a lot of questions about how the team will tackle it. This endeavor is being undertaken by an entirely separate team at Blizzard from the one working on World of Warcraft and its next expansion.[2]

 ":"  -  Any time a step ends in a ":" instead of a "." means that the next step is part of the current step you are on.  This generally means the next step should be done while working on the current step.  This means every "start working on" or "continue working on" will end in a ":".  But this is used with other occasions as well, so keep this in mind.
World of Warcraft is very old, by videogame standards. It was released in 2004. And about every two years, Blizzard releases a new expansion to update the game. Typically expansions don't really replace content, but it does displace it, and changes to mechanics and player abilities are indeed permanent and "retroactive". And in 2010, the Cataclysm expansion DID actually replace the old content from the release game.
Pick the Right Professions - Professions will amount to a very large portion of your Gold income if you pick the right ones. We will cover this subject in much more detail in the next section of this Guide, but here is a TL/DR version: Gathering Professions are generally better on new servers (for example, Skinning provides you with some extra money for every single Beast that you slay in the world, even if you just vendor the gathered Leather), especially if you are leveling quickly, as Crafting professions require a lot of Time and Gold investment to level up (but they get much better when you are leveling slowly and during the End-Game, because then the ability to craft some gear starts to outvalue the ability to make a quick profit). 
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