Question

When trying to record there is a delay when monitoring my guitar and vocals.  How to I set up so this won't happen.

Answer 1

Latency. Reducing the buffersize in the audio driver will reduce latency, but increase the load on the cpu and ram. Too low of a buffer will result in pops, clicks, and stuttering.

Read this article to learn more about Latency.

http://www.presonus.com/community/Learn/The-Truth-About-Digital-Audio-Latency

Answer 2

Latency...I use 64 buffer for recording and 512 for playback.