If you are in the market for a new printer, I would recommend a wireless printer. This WIRELESS Canon printer is on a crazy-awesome sale for half off right now, just $59. Also, with the way that coupons can print now, you can print extra coupons from additional wireless devices if you have a wireless printer (i.e. smart phones, tablets, laptops, etc).
And as far as the ink, don’t think I would leave you hanging there. Check out this pack of Black AND Color Cartridges for just $30 !!
Canon PIXMA TR4722 All-in-One Wireless Printer for Home use, with Auto Document Feeder, Mobile Printing and Built-in Fax