Thanks, kc0pph. The first time I went and bought a box of shells I was blown away at the price and I am definitely conservative in my shooting. Even the cashier gave me a flaberghasted look and asked if I had the right ammo.
I do save all my brass and will learn how to reload soon as I also got a bunch of reloading equipment, plus I am sure I can find someone at the local range who could offer up some advice.
Thats a great idea to use my other rifle I got from him as well to learn the basics as it is only about $40 for a box of 20 shells. It is a:
Rifle - Parker-Hale .270
Scope - Leupold 4.5-14x40mm Long Range with Boone and Crocket Reticle.
And as MHO said, I should be learning how to crawl before I can walk.
Thanks again to all who have replied