My spinning rod broke and now I use a Shimano Clarus baitcaster with 20lb test for jigs and heavy spinner and heavier T-rigged plastics etc.  I have found my lighter cranks simply don't work anymore on this setup - they don't have any action anymore, not sure why.  

Anyways, I want to have a light spinning setup with me also.  I would love to be able to crank with it, finesse fish it (drop shot etc) and maybe even trout fish with it if I feel like it.  

So, what would be a good setup to allow for this - I am looking for something in the lower budget range.  I already have a diawa spinning reel (if that will work - its a cheapy  ).  

Thanks.

You would probably have more responses if you post this question under the rod, reel and line section. A few days ago someone posted a similar question for reels under $60. He put together a rather large list. Here is the link. Hope this helps. Good luck

http://www.bassresource.com/bass_fishing_forums/YaBB.pl?num=1208455747

Good point - thanks.  Maybe a mod can move it.