AerBabe,
If you mostly do B/W Text, get a Laser Printer. The advantages are 1) Does not smear when it gets wet, and 2) Toner is much cheaper than Ink.
Personal Color Laser Printers are dropping in price, but they are not there yet. I would look at a Laser Printer for B/W and a cheap Inkjet Printer for Photos.
Take Care,
Richard