When I first started woodworking all I had was few hand tools that I inherited in a way from my father in law who was a painter and his workshop was very much a painters workshop with lots of cans of paint and brushes and the like. Since I turned the basement into woodworking workshop I've added quite a lot of tools necessary for woodworking which I have detailed below. The tools listed below are all power tools and I've got a lot of run of the mill hand tools but I figured I don't need to go into too much detail as my list would grow from a couple of tools to 100's...
When researching what you need only ever buy what you need when you need it, I didn't buy a lot of these tools until a particular project called form them and as you can see I didn't spend tons of money on any of them , the beuty of being a woodworker is that you can have hand tools or power tools and you don't have have to break the bank to own them.
Most of the tools I own have been bought in sales and promotions I suggest that you visit your local day store and do your research sure I could go to Woodcraft and buy a table saw for $3000 I wish but you can get the tools and keep inside a little budget, my father I law always said buy what you can afford.