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I’d like to add some type of sharpening system to your list. A simple sandpaper and slab system, stones, or the more expensive slow grinder system. Although listed, files should be in this sharpening/maintenance category as well. You’ll need these as soon as you purchase a majority of hand tools. They’ll be needed throughout each day of using the tools. Initial setup and routine maintenance will give better results with less fighting the grain and tool. Whether your a beginner or a master, the tools must be sharp and maintained.
The fourth most important basic handheld power tool every beginner should buy is a random orbital sander. While palm sanders are less expensive and can use plain sandpaper (cut into one-fourth sections), the random orbital version uses hook-and-loop fastened sanding disks, and doesn't sand in patterns, using a random sanding motion instead. This motion will serve to reduce the chance that any sanding marks may appear on the stock due to the sanding. Of course, be certain that your local woodworking supplier has sanding disks readily available in a number of grits to fit the model that you choose, as the key to proper sanding is to use progressively finer grits as you sand to reduce or remove any marks that are left behind from the previous sanding.
If you can buy a bunch of tools at one time, you can save a ton on shipping, as the more you buy, the lower the rates. Also, take advantage of free shipping offers. Compare to see where you can get the best deal. Whatever you buy, make sure it is high quality. I have a Nicholson backsaw I bought at a local store before I knew of the woodworking suppliers. It has never been used much, but cuts much slower than saws such as Gramercy or Lie-Nielsen, even though mine have smaller teeth than the Nicholson.
But before you purchase clamps, build your first project and put it together without glue. Then see how many clamps you think you will need to put enough pressure in all the right spots. Then proceed to purchase that number of clamps. Repeat this process on your next project, and purchase more clamps if needed. This is better than running out and buying a huge collection of woodworking clamps. See my buying guide for different clamp types, uses, and my favorite brands.

Wooden mallets are mostly used for hitting your chisels when cutting joints (like dovetail joints or chopping mortises). You should never hit a chisel with a metal hammer. Build or buy a mallet that is made of fairly hard wood (e.g. maple, oak, beech wood, etc.), that will feel well balanced in your hand, and that gives you enough weight to chop with your chisels.

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