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.
A long-established channel with Italian-American woodworking geek Marc Spagnoli and his sidekick Nicole.   It's filled with great tutorials, guides, reviews and generally high quality content.  I'd described as aimed at an improving, and committed, woodworker - he uses fairly lots of clamps and glue, and shows in professional how to build quality pieces, generally of furniture.  I learned a huge amount from here, and it's easy bedtime viewing.  

Low-tech tools are high on value A basic set of handplanes lets you true edges, flatten panels or wide boards, and achieve finish-ready surfaces. Start with a small cluster of handplanes—low-angle and standard block planes, a No. 4 or 4-1/2 bench plane, and a jointer plane. A set of inexpensive chisels is essential for chopping, paring, and trimming.
Ebates.com - Ebates is something I'll check after I've already found a deal that I'm going to bite on.  The rewards aren't usually good enough to compel me to purchase on their own.  But if you get an extra 3-5% cash back over your entire $250 budget, it can add up to an extra hand tool for doing nothing more than using their link to an online store.
These basics are going to set you back about $180, leaving you with $320 left to work with.  We are going to be leaving behind two hand powered tools from the $250 shop and upgrading to powered alternatives.  This should lead to more consistent results, more enjoyable builds, and increased efficiency.  These are all goods things that only the biggest fans of The Woodwright's Shop would argue with.
These basics are going to set you back about $180, leaving you with $320 left to work with.  We are going to be leaving behind two hand powered tools from the $250 shop and upgrading to powered alternatives.  This should lead to more consistent results, more enjoyable builds, and increased efficiency.  These are all goods things that only the biggest fans of The Woodwright's Shop would argue with.
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Just a little nitpick on the tape measure blurb. The hook should not be completely tight. It should move in and out about a 1/16th or the thickness of the hook. This way you get an accurate measurement whether you hook a part to measure or bump up to it. If you want more accurate measurements with a tape measure, “burn” an inch instead of hooking or bumping the part. Just line up what you want to measure with the 1″ mark and subtract that inch from the final measurement.
Just how small?  Will you have an extra bedroom for your shop or will you be doing woodworking in your living room?  Do you have to put the projects and tools away every time you want to entertain or will you leave everything set up all the time?  A while back FWW had a video tour of a shop in Japan that was smaller than small.  I'll try to find it and get back.  Found it...  shows what can be done in a small space but this shop was not on a small budget so no help there.

Second, it is easier to learn to use hand tools on a solid bench than on a Workmate or some other modern clamping sawhorse.  The bench doesn't have to be expensive or large.  A 20" by 5' top will get you started.  Look at Chris Schwarz's second book on Workbenches "The Workbench Design Book" for ideas.  If you are a good scrounger you can recycle framing lumber from building teardowns to build a good bench for next to nothing.  A vise screw to make a leg vise is less than $60.
​Buying rough cut lumber saves a ton of money.  Buying lumber that has had all four sides surfaced (s4s) will cost roughly 4 times as much as buying rough cut lumber.  Let's look at an example: I'm going to build a table that will require 50 board feet of oak.  If I buy finished oak it will cost around $5.5 / bf or $275.  Alternatively, I can buy rough cut oak at $1.25/bf or ~$65.  In this one project I've saved $210.  That's enough for a new power tool.
These how to videos and articles of information are dedicated to my woodworking instructor who trained me during my apprenticeship. This body of work is also in honor of the journeyman who were generous in sharing their woodworking knowledge and skills with me throughout my long career. All of you have helped me to make a wonderful living  in a great craft. My hat is off to all of you.
While there are certainly tools beyond this list that would make certain tasks easier, I feel confident that you can build pretty much anything you could possible want using this beginner woodworking tool set. Everything on this list is also purposefully portable and does not take up much space at all. The goal here was to compile a list of the best beginner tools that would allow you to build almost anything, anywhere, and only take up a small cabinet in your house or garage.
I taught (teach) several aspects of "green woodworking" and related subjects, so I love your question. The buying and using of old tools is great...no matter the source. However, I have seen much frustration ensue over getting them adjusted, and "work ready." As often a beginner with limited budgets, also have limited traditional skill sets as well in understanding these tools and sharpening them. You must be patient with yourself, as tuning these old tools up will be very time consuming. Sharpening (and the proper tools of sharpening) should be your first acquisition. So many folks buy chickens before building a proper "chicken coop." Traditional tools are the same way, as there is no reason to own them, if you can't keep them properly honed.
Whether you are a beginner or a DIY professional, if you have a love for the craft of woodworking The Home Depot has got you covered. We have all the essential tools for woodworking that let you hone your craft. Our huge selection of drill presses and miter saws will put the power in your hands to complete your projects faster and easier. And whether you are looking for the strength of a powerful router or the versatility of a lathe, you can find everything you need to help with projects, large and small. If your carpentry plans also include building materials, you don't need to look any further than The Home Depot. From wood and lumber to decking and fencing materials, it's all right here.
The type of wood you choose will determine the overall strength, look and cost of the finished piece. Many varieties of wood exist, and CZ Woodworking will work with each customer to determine what wood will fit your needs best. Each wood has its benefits and can be utilized in a number of different ways to create various looks within a project. Explore the various samples below to determine what might work best for you.
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