Carl Jacobson has created over 350 videos to overwhelm you with project ideas, some of which you can complete in less than an hour. He takes you through the entire process from preparing the wood to the sanding and finishing of the project. Carl releases a new video every Friday with a follow-up video every Monday to answer questions based on the feedback he received over the weekend.
One purchase that did work out in my favor this year was a bandsaw. I found an old, built in 1946, 14" Delta bandsaw w/ riser block in good condition for a steal at $150. I had a couple months of free spend saved up, and my wife threw in the rest of the money and considered it my birthday gift. Attached to the saw's base was an old Stanley 77 dowel maker the seller gave me with the saw since it was attached to the base when he got the saw. I was able to sell it on ebay for just shy of $300. I actually made money on that deal, and the money from the sale has allowed me to buy blades and upgrades for the bandsaw, as well as the parts and materials I need to build the router table I'm in the process of building. Was nice to get that - otherwise it would be months before I'd be able to purchase some of those things! 

The circular saw is pretty much the first tool I grab for any project. You can use it for both rough cutting your lumber to get started on a project or making finish cuts before final assembly of your project. You can use it to make half lap joints and a variety of other joinery methods. While a table saw or stationary miter saw might make a certain task easier, it is hard to beat the cost, portability, and versatility of a circular saw. While most of these come with a blade, here is a good all-around blade that I use.
The next important hand tool for the woodworker is an accurate tape measure. Get a retractable one that is at least 25 feet long. Any longer than that, and you start having problems getting it to roll back up. Since measurements on large scale projects can be very susceptible to even the most minute measurement variations, you’ll want to make sure the “hook” or tab at the end of the is firmly attached, with no give. When they get loose, you’ll have as much as 1/8” variation in your measurements. This can add up to some severe accuracy problems in the long run.