Im just about to start my 4th season with county, just moved into the premiership.
I took advantage of the high spending chairman, spending whatever money i had, and getting more and more given to me throughout the season.
In the first transfer window, i got rid of the back ups who i didnt think were good enough to push for promotion, might only be my opinion.
I went for free signings really, Paul Wotton, Perrier Doumbe, Rohan Ricketts, and signed cheap players like Petar Zanev who i would highly reccomend at left back, iv just sold him for 2.7 million in my 4th season and signed him for 35k.
I would wait unti january to seriously splash cash, maybe buy one or two first teamers, stick with your team, and sign in january, a lot of better players become available. And your team is full of quality anyway, Ben Davies, Matty Ritchie, Luke Rodgers, Johnnie Jackson, Kaspar Schmeichel.