Supplies I Use

What I use to make a comic page...
Notebook--I use a 70 sheet college ruled notebook, nothing special about it, for planning out the dialog and jotting down comic ideas or character personalities, background, bios; things of that nature.
Paper--I use standard computer paper (8 1/2 by 11) for my rough drafts
Mechanical Pencil--I draw with mechanical pencils (.7mm) so I can save time by avoiding the need to constantly re-sharpen my pencil as well as to keep my line thickness constant. Keeping the line thickness constant helps a lot with inking. Also, you might thick that I wouldn't save much time not having to sharpen my pencil but the pencil sharpener in my house is in another room (its the kind with a fixed base so I can't just bring it back to my room with me) and I press down so hard that I need to sharpen the pencil every forty minutes or so.
Eraser--Most people would expect me to say I used some sort of kneaded eraser. I didn't. Thing is with those, you can't draw as darkly as I do and have them work all that terribly well. When I can remember to draw lightly I could use the kneaded eraser I have, but most of the time I needed a stiffer eraser. So I ended up using a standard run-of-the-mill pink eraser. Only problem with those is you have to be careful you don't lose the edge too much on them or it can be difficult to get into smaller areas.
Tracing Paper--I had to be careful with this because I have three different pads from three different makers and two of them have a tendency to smear the ink and one of those two has a nasty tendency to roll up on me. The one I like the best and use the most for my inking is made by Foray. It's called Velium and they use the term "White Translucent Paper" instead of tracing paper.
Archival Ink--Any sort of marker-like pen that will give you a smooth, constant dark line (unlike the one a normal ballpoint pen will give you) would work. I need a bit of a darker line so my scanner will properly read the pages I scan, so the archival ink pens work well for me. I currently am using Pigma's Micron Archival Ink pens (08.05,03,01) though I had a Zig (05) that worked really nicely before it died. If you're going to go for the good stuff, get a Zig; fair warning to ya though, it's like five bucks a pen for a Zig. High quality stuff. I went with the Micron cause for that much money I can get three pens instead of one. Usually AC Moor's has a coupon (sometimes as good as 1/2 off) in the Sunday paper so you can save a lot of money whichever kind you go for.
White Out--I've been using PaperMate's Liquid Paper Correction Pen. I thought it would be easier to use than the old brush style white out and quicker to boot. It isn't. The white out flow is hard to control and sometimes flows onto sections I didn't want it to. It also might have helped kill my first batch of archival ink pens.
Scanner--Got to get those pictures into my computer some how right? I have a ScanJet 3300C, and ancient relic from many, many years ago (only like 5 but still...).

Computer Programs...
GIMP--File manipulation program that you can download for free. It'll like the ghetto freeware version of photoshop. I use it mainly for the text feature it has, though I still add the text in with Paint. I sometimes use it to blur certain things in a page, like reflections and the like. If I ever get to the stage of doing my comics in color then I could foresee myself using this program a whole lot more.
Microsoft Paint--This is where I do all my cleaning and I create and add the dialog balloons in this program as well. This is mainly because I have more familiarity with this program than any of my other image manipulation programs.
Microsoft Office Word 2003--For WordArt, which I use to create the sound effects. I don't use this for the dialog because with Gimp I can overlay the text on my picture so I can get an idea of how many lines I should split the dialog into and the general placement of the dialog on the page.
Firefox FTP (or FireFTP)--This is my File Transfer Protocol program I got through Firefox. I use it when uploading my comics to the hostsite.
Microsoft Office Picture Manager--I use this for compressing my images into the size they go onto the web as. This is done before dialog is added but after cleaning.