I'm also a new spindle owner trying to make my way through 8 ounces of Corriedale, I think. I bought some inexpensive white top to learn on, decided it would be fun to dye it, but slightly felted it. It's not felted solid. If I tease it apart carefully before spinning, I can get it to draft. I know it's not going to make a yarn worth keeping, but I'm cheap and am trying to make myself work through it, picking up whatever skills I can from it. I don't know, maybe I'm learning bad habits from it? What I seem to be practicing mostly is joining the fiber back together after accidentally pulling it apart because it won't draft smoothly.
I hope I don't end up hating the whole process just to save a few $.
I have some lovely BFL from Spunky Eclectic waiting, once I use this up, though.