Here are the parts I used to make the traffic light circuit. I did this all on a bread board that I also got from Digi-Key.
Parts are all from Digi-Key, except the DC power supply which was from ebay and resistors were probably from Radio Shack. GRJ's power calculations would probably be plenty, I already had purchased a bunch of the 1 Amp power supplies on ebay.
Digi-Key
Item Digi-Key Part #
1N914 Diode - 1N914FS-ND
4017B Counter - 568-3080-5-ND
555 Timer - 296-1411-5-ND
10uf CAP - P1187-ND
1MEG Trimmer Pot - T93YB-1.0M-ND
ebay
Power Supply - AC/DC to DC Converter 1 Amp - From Ebay - Here's a link
The resistors used were all 1/4 watt.
I tried this again last night but it isn't working. My wife was talking to me the whole time so I probably have something missing or improperly connected. I will check it again later today. The 12 VAC note got me wondering, I'm sure that should be VDC. Will report back later. Arduino is definitely MUCH easier!