I just started up with bitcoin a couple weeks ago, bought 0.2 bitcoin when it was at ~$200, would have gotten more if i had the money to spare, very poor atm. As bitcoin becomes more popular and the price goes up, will the transaction fee go down?
Yes. It has already been reduced a few times. Although there is potential for it to go back up again after that depending on what is done about the blocksize limit.
.001 is potentially a lot of money, especially if bitcoin really takes off.
0.001? Why are you paying 0.001? That's 10 times as much as necessary. The typical fee right now is 0.0001 BTC per kilobyte.