If you're on a tight budget, what you really need to think about here is where you'll procure your games from. Initial hardware cost pales in comparison to the cost of games in long run, especially on consoles.
The cheapest way to get PS5 games is to get used discs, then sell them off after playing. This has two disadvantages:
- You get to play only once. If you want to play again, you can't sell the disc, resulting in higher cost
- You can't always find all games on discs. And the situation is only likely to get worse. Alan Wake 2 didn't get a disc release at all.
Digital games are much more expensive on PS5 compared to Steam. Other option is to get PS Extra subscription. If you wait for sale. You can get 1-year subscription for ~4000. It does have a decent catalogue of games, but big budget games can sometimes not make an appearance even after 2 years of release.
Procuring games on PC can be much cheaper.
Here's a suggested config for ~50k (
https://pcpricetracker.in/b/s/839a469a-1085-4cb3-9752-557eb9c9493a)
You can try to get a used GPU. If you get something like a 3060Ti, then you can ~5k over the above, which will allow you to get a 12400f or Ryzen 5 5600 instead of the i3.