Reddit mentions of Yamaha R-S202BL Stereo Receiver with a pair of ELAC Debut B4 Bookshelf Speakers (Black)

Hey all, new to the subreddit and recently decided I wanted to make the switch to a turntable and vinyl. I've spent several hours today reading all the great guides from the sidebar, and have been trying to put together a list of components to purchase. Ideally, I'd like to keep the whole setup below $500, and that's including TT, Speakers, and Receiver if necessary.

From the TTs suggested here and what I've seen online, I'm a really big fan of the [TEAC TN-300] (https://www.amazon.com/dp/B00P9WK1BW/ref=wl_it_dp_o_pC_nS_ttl?_encoding=UTF8&colid=1QOPTG1UJ4HLA&coliid=I1R3I3ZMALE47N&psc=1). Looking at the specs, I see that it has a built in Phono Pre-amp, so if I wanted to I could directly plug it in to powered speakers (or at least that's my understanding).. The more I thought about it though, the more I felt like I'd really rather have an actual receiver/amplifier that I could control the volume on, as well as use for other appliances like the TV or my wife's phone (lol).. That led me to this receiver/speaker combo. The receiver I chose from a sidebar guide over on /r/BudgetAudiophile and the speakers had good reviews as well.

As I'm still incredibly nooby to this stuff, does this setup get the /r/vinyl seal of approval? (I'm still not too sure on the compatibility of the receiver/TT and if I need anything else or not.) OR could I find a better setup for roughly the same price or cheaper elsewhere? I'm not really looking for used/craigslist options as I'd much prefer to buy new and anything off Amazon Prime is a huge plus.