If you don't care what you are shooting, then I wouldn't reload. However, your reloaded shells will be better than the bulk packs you get at Walmart. More like Gun Clubs or STS' or AA's. It is possible to get lead cheaper than 38-40$. You can obtain some reclaimed shot for less.
I bought my son a 10/22 when he was 8. It has the adjustable stock on it. We did all of our shooting from a bench with sandbags.
My son enjoyed shooting it after the usual 10/22 modifications. One thing that i didn't like about it was having to open the bolt for him. I wanted him to get in a...
rimfirecentral.com has plenty of info on 10/22's. It will keep you busy for a while.
I would work on the trigger first. Mine was 8 lbs out of the box. It's now around 2.5 lbs.
Dicks in Evansville had these yesterday:
CCI MiniMags Swamp people 300 rnds
Reminton Golden Bullent - 525 rnds
Thunderbolts - 500 rnds
I was told that they had 1000 rnd boxes of M-22 that sold out. Don't remember the prices. I think some were .07 a round.