As far as advice goes, I'm like a lot of the other folks on this thread; make a shop budget that fits into your existing budget and stick to it. Whenever you can foresee a larger expense, skrimp and save, cut costs in other areas of non-essential spending, and accept that sometimes, you NEED to go outside of your budget. In my experience, if it means enough to you, you can make it work. Good luck!
Your moisture meter should have settings on it that will account for different species of wood. For instance, oak is a hardwood, but ebony is an even harder density wood. If you are planning an inlay job using both types of wood, you will need to know the moisture content levels of each of the two species so that your inlay glue joints will stay intact. These different wood species have different specific gravities, which must be used or programmed into the moisture meter.
The problems  that we least expect.  Five years ago i purchased a bicycle and discovered while riding that I had developed balance problems.  I ignored the problem and stopped riding the bicycle.During this period I built a workshop in my basement and stocked with the best handtools.  My lifelong dream was to be an anarchist!  In February 2012 I started having episodes of more severe balance problems which resulted in hospitalization and extended nursing home rehabilitationl for six months. The diagnoses is Parkinson Disease which causes muscles to react to unwanted brain signals.  Needless to say the therapist ordered "no woodworking" period" because of the hazards associated with machines and sharp tools.  I presented my case that I did only handwork with hand tools.  The therapist answer was "NO!".  Now I'm confined to using a walker or wheel chair and reading how you all are enjoying the smell of sawdust.

Danish Oil is an oil-based finish that soaks deep into wood pores to provide protection from the inside out. Generally made from a unique blend of penetrating oil and varnish that stains, seals and protects all at the same time, it enhances the natural look and feel of the wood, and creates the rich, warm glow. This finish is ideal for furniture, trim, molding or any other bare wood interior surface that calls for an accentuated look.
Tung oil is derived from the nuts of trees that are native to Asia but have been cultivated in other parts of the world. This is a durable finish that has a rather quick drying time and is very moisture resistant. Tung oil penetrates the woods surface, soaking deep into the wood grain for a fine finish. Tung oil is great for exterior furniture, tabletops and countertops.
She came back to the mainland when her family was building a sky scraper in Denver. ( Well about as tall as any of the other down town high rises.) I got to tour it while it was being built.  Very cool !  So hanging around this crew of a family she picked up quite a lot.  The wife of her brother, the iron worker and pro chef, was an iron worker as well. The first lady ironworker I had ever met and I grew up around construction workers some what. Hard core people ( bound to rub off ).
The second big tool you need is a saw. There are many types of saws, and this can be the trickiest part of setting up a shop on a budget. As a beginner, you'll likely be using woodworking books, magazines and websites for instruction and inspiration. Unfortunately, most of these sources consider a table saw a beginner tool. For those of us on a budget, or with little space, a table saw may not be an option. They cost several hundred dollars to start, and take up several square feet of floor space. Instead, look for a good circular saw that allows you to adjust the depth and angle of cut. It's also nice to have a laser to help guide the cuts. You can get a decent circular saw for around $100.

Oak is one of the most widely used and respected hardwoods in furniture making. Available in two varieties — red and white — oak is very strong and also quite heavy. White oak is sometimes preferred for furniture making because it has a slightly more attractive figure than red oak, but either variety can give you a beautiful finish that stains very well. Oak can be used for almost any woodworking purpose, and is an excellent choice for pieces that will last a lifetime – literally! As they say, it is “solid as oak”!
Screwdrivers are another must-have in the woodworker’s set of hand tools. Not only will you need Phillips and slot, or flathead screwdrivers, you’ll need star drivers and Torx drivers, too. A quality construction is vital to a good set of screwdrivers. So many of them are made out of soft metal, and the first time you put any “oomph” behind them, they strip out, becoming absolutely useless.
Those two tools comprise the most basic power tools you need to start woodworking. In addition, you'll need some hand tools. A hammer is an obvious necessity, and can be bought cheaply. A tape measure is a must- have for marking out lengths. A ruler or straight edge is needed to turn your measurements into straight lines for cutting, and can be clamped to a work piece to use as a saw guide. Speaking of clamps, they are important for joining pieces together for gluing, screwing or nailing. Most woodworkers have a lot of them, and you'll never have as many as you need. For now, just buy a few 6-inch and 12-inch clamps and add more as you need them.
About Youtuber LAB11 Created designer furniture from scratch from wood and recycled materials like pallets or customizes and repairs existing furniture. The watchwords for our creations and customizations are: Pretty, durable and solid things. Here are the videos of some projects creations but also of layout of the workshop, A video per month out at least.
We've written about routers on the site before and my favorite is the Bosch 1617​.  It is light enough that you can control it when using it handheld, yet powerful enough that it won't have any problems when you mount it under a table.  On top of that, it comes with a plunge base which makes it significantly easier to use handheld.  The package clocks in at ~$190.
Woodworking is a fun hobby, but can be expensive as well. With all the power tools, hand tools, shop setups and, of course, the wood, many people are turned off to woodworking because of the impact on their wallets. That doesn’t have to be the case though. With a little pre-planning and inside knowledge, you can set up a basic wood shop and start making your own items without breaking the bank.
Turn leftover wood or old pieces of furniture into DIY reclaimed wood projects! Wood is one of my favorite materials to work with. The possibilities are endless and they give such a homey and cozy feel to any rustic home. My husband, Dave, and I sometimes even go the extra mile and carve our initials on a little spot. It’s our own way of making our DIY project even more personal! Here’s a list of some of our favorite DIY reclaimed wood projects!   
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