The chili/chile thing has some regional aspects. On my first visit to New Mexico I was somewhat confused.
A lady in Santa Fe told me their "Chile"(they way they spell it) has no beans, meat, tomatoes, etc. In order words just the peppers made into a sauce used with other items.
In Texas, it seems to me their Chili in its most traditional sense is cubed beef and red chili peppers, and a small amount of cumin, oregano, salt, pepper.
Then there is "Yankee Chili" which is a tomato spaghetti sauce with some cumin and all sorts of strange things like diced celery and beans. I think the "Yankee" stuff got started because tomatos are cheaper than chili peppers and beans make the meat go farther. If you grow your own chili/peppers then they don't cost anything but if you want to make chili with just the peppers and no cheap fillers, then it might cost a little more. Sometimes you can get bulk dried peppers in Spanish/Hispanic grocery stores for a fraction of the price charged in chain super markets. Half Ancho and half New Mexican- that works. Or just use straight dried chili powder until you come up with a thick sauce. On a small bottle you'll need about half to the whole thing for a batch.