For low levels, do side quests and leves. You can pick up and finish several leves in one location, so you won't have to teleport. You're not going to get rich, but you should easily make enough money to teleport when it's convenient.

At low levels, I wouldn't worry about spending money on the newest possible gear. You'll get most of the gear you need through class quests and side quests.

As for teleporting, don't forget the "Return" function. It's a free teleport every 20 minutes. And don't forget to Register the places you're going to often as "Favorite Locations," so the costs of teleporting are much lower.

As Isyaan suggested, level your crafts with Tradecraft leves. You get your materials for free. And in addition to getting XP for every item you craft, you get an XP bonus when you turn the materials to complete the quest.

If not, you need to gather your own materials. Otherwise, you're going to spend way, way more than you can make.