It is a Raleigh, probably a 90's model, it is a great, smooth ride. My kids call it the "harley" they like to take it for a spin down our 1/4 mile driveway. Anyway, the low budget part of this is that my husband found it at The Salvation Army for 6 dollars.
I started riding it to work--granted, I live in the country and my job is only 5 miles away--but by October I had trimmed down and felt stronger than I had in a very long time. Plus, as we all remember,gas was around 4 bucks a gallon and so riding to work really helped us from becoming gas-poor.
I realize this tidbit is not for everybody, and it sounds kind of pro-hippie, but I really can't wait to get back on that bike when spring rolls around.