I get 121 total points, counting the novice spells (there are only two, decoy and leather boots) and with air as the default elemental school.
to break it down by category, this is what I am getting:
Equipment: 12
Conjurations: 7
Creatures: 22
Enchantments: 30
Incantations: 34
Attacks: 16
total: 121
I checked it twice and took my time.
spells in schools other than Arcane or Air cost double the printed level, I took note that I only have to choose one of the elements for the Elemental Wand, and for the Turn to Stone enchantment I have to use both Arcane and Earth (which will cost double) for a total cost of 4 in this instance.
Where am I going wrong?
{copied from a post on Boardgamegeek.com}