$700 PC build, looking for advice

Hello everyone I'm a first time builder with a budget of around $700.  After doing some research this is what i've come up with  http://pcpartpicker.com/p/1yy79.   Will be using this computer for usual stuff web-surfing, watch netflix, and as for gaming playing Civ 5 and SimCity.

 This is probably overkill for those purposes but i also want something that wont be obsolete in a year and has room to upgrade if i decide to get into more serious PC gaming.  Not really thinking about overclocking the system So am i spending my money wisely?  


I put together a little build myself, its $10 over budget http://pcpartpicker.com/p/1yC4T