Since I can't afford a battle ready sword yet I decided to get one of these first:
Cold steel, training sword.
Yeah, it's not steel, but it I will need a practise sword anyway and it's not that expensive. I did consider a wooden waster as well, but these are more durable and the price difference isn't that big. Besides, a friend of mine is a blacksmith and he started his own company and a couple of us can get the swords (and other equipment) through him.
In fact, my next purchase will be to have him make me a coat-of-plates.