Though the advice above concerning the supercharger (mongoose) kit was a good idea to boost your over all power level, let's not overlook a few suspension upgrades. No sense in having all of that power if you can't plant it, right ? I think with the money you have to spend, a set of sub-frame connectors and good lower control arms would be a good place to start. As for what company to go with, I would recommend Maximum Motorsports to anyone. I've had their solid lower control arms on my car for about 3 years now, with no problems at all. They reall made a difference in how well the rear of the car behaves. As for upper control arms, if you're just looking to do drag racing, and no road racing, then a set of simple upper control arms, like the FRPP uppers will do fine. If you do decide to get a set of aftermarket upper control arms, I would also recommend having the torque boxes weld up while having the upper control arms installed.
I also strongly agree with the idea of saving up for a stronger rear end. 31 spline axle & differential set up will become a must, and welding up your axle tubes wouldn't be a bad idea either. I know that sounds like a lot of work and expensive, but you'll be better off in the end if you do things right the first time instead of having to make costly repairs down the road.