While some people consider the circular saw to be more of a carpentry tool than a fine woodworking tool, but some would disagree. There may be no more versatile basic handheld power tool than a circular saw. When used with a clamp-on straight-edge, the circular saw can be just about as accurate as a table saw and handle quite a few of the tasks that one would attempt with a table saw, particularly cutting sheet goods such as plywood or medium-density fiberboard. When woodworking on a budget, a quality circular saw should be the first handheld power tool purchased, as it is the one that will likely be the most useful as you get started.
I agree, that’s a nice and easy set up to start with. I’d say a block plane it’s handy for small areas, and touch ups. A no.5 is excellent but a bit heavy and tiring sometimes. I find that a nice rabbet block plane (shoulder + block) with two irons with different sharpening angles it’s essential to me. One fine flat rasp and a medium flat file would complete my set.
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.
11-2. Pipe clamps, I have about 10 of them with varying lengths of black pipe in 1′ increments. I can switch out the clamps for larger lengths on larger projects, or downsize as needed. (very rarely do I need more than 6 clamps on a project during drying time, and when I do, it’s time for a cup of coffee and a 1/2 hour break while I wait) You keep your initial investment down, and buy them as you need them to increase your collection.

I agree, that’s a nice and easy set up to start with. I’d say a block plane it’s handy for small areas, and touch ups. A no.5 is excellent but a bit heavy and tiring sometimes. I find that a nice rabbet block plane (shoulder + block) with two irons with different sharpening angles it’s essential to me. One fine flat rasp and a medium flat file would complete my set.
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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.
When you go shopping for tools, get the tools for your new woodworking shop only a few at a time. As your woodworking hobby progresses, you can obtain more wood tools as time goes on. We list the woodworking tools that you will find most useful and use most often. If you are going to be doing any type of woodworking, we recommend to make a custom workbench to store your tools which will also give you with an area to perform your woodworking projects. See below for what we recommend for a basic woodworking tool kit.
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