A good set of 5-7 bench chisels (they don’t have to match) will get you going right away. Down the road you’ll eventually add some specialty chisels (like paring chisels, fishtail chisels, etc) but bench chisels will work for just about everything. I often pay only $10 for high quality vintage chisels, so a compiled set can certainly be affordable, and higher quality than low quality new sets. Read the chisel buying guide to learn what chisels to avoid and which chisels will work great.

The third tool for the beginner is the Jigsaw. A jigsaw allows the user to cut curved and circular patterns in stock. Sure, a band saw will likely be more accurate and can cut thicker stock, but for the beginner, the jigsaw (sometimes also referred to as a Sabre Saw) can be perfectly effective. For versatility, choose an orbital-action, corded jigsaw that feels good in your hand and has an easy blade changing system.

Once you have the four aforementioned handheld power tools in your arsenal and you've had time to get comfortable with using them, its time to make your first (and likely most important) major tool purchase. The table saw is the heart and soul of every woodworking shop, the centerpiece around which all of the other tools are used and organized, so you'll want to buy the best table saw that your budget can comfortably afford. Take the time to learn which features you really want and the table saw that best fits your budget and your needs. This article will show you the most common features, and how to determine what features you need and how to know if those features are really well built, or simply added on to the saw because they are selling features.
A marking knife is used for marking where you will be cutting with your saws and chisels. For getting into tight spots (like dovetails) and making very accurate lines (which is vital for tight fitting joints) you need just the right marking knife. You would think that any old knife would work, but you would be wrong. Years ago I purchased several that didn’t work well.
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.
now I finally know what to recommend my friends when I try to convince them to give handtools a try (I currently am doing an apprenticeship in cabinetmaking (unfortunately mostly particle board) and said friends they do the same and often have no clue what can be achieved with handtools alone) because up until now, I never knew what to recommend for sharpening as my setup is great but very expensive. And I guess if I recommend to get two stones instead of a combination stone, one can keep one side flat for flattening the backs of new chisels, and add a strop with some polishing compound I really can’t think of anything else one would need for a long time!
1. Power jointer and thickness planer. I have developed various means of straightening the edges of my stock with hand-held tools, but I don’t see a way to efficiently flatten the faces of rough or reclaimed lumber without a power jointer. It’s part of the first few steps for any furniture project, and I want to be able to move through this step quickly and into the more interesting work. The thickness planer is also a huge time-saver, compared to hand-held tools.
The last tool I recommend for every beginning woodworker is a quality router. While many routers available today offer two different bases (a stationary base and a plunge router base), for most beginners, a quality stationary base model will take care of quite a number of tasks, and can also be mounted in a router table should you choose to invest in (or even build one) one down the line. Choose a router model that is at least 2-HP and has electronic variable speed controls (as larger cutting bits should use slower speeds), a soft start mechanism and is easy to make bit changes (preferably with the ability to use both 1/2-inch and 1/4-inch shank router bits).

I am finally getting to practice my woodworking more after years of collecting tools. By using tool reviews and thinking of the kind of work I would like to do, I have accumulated a nice set of tools without purchasing many mistakes. I decided to use Paul Sellers book and videos and start learning from the beginning. He starts with projects that begin with a small set of tools. One of those tools is a spokeshave. Even though I know much of what is in the first lessons, I have picked up a few new tricks, and am learning to use my tools more efficiently. My most important tools are my workbench and vise. The workbench was tough to build as I was on the floor using hand planes; not a good way to work. I have no jointer; did get a small planer and made a sled for it so I can flatten a board. My tools are in my house, so there is no room for a big table saw or bandsaw. I have a chopsaw and a piece of an old Craftsman tablesaw I got for free. It has to be moved outside to use. A circular saw with a guide is handy. My guide has a plate on which the saw is mounted. The plate slides on aluminum angle (with help of rollers) which is screwed to plywood. Once the initial cut is made in the plywood, the plywood is simply lined up with your cut marks and clamped down.
However, I would recommend that you either build a wooden workbench, or purchase one if you feel a workbench build is too advanced for you right now. However, I created the DVD “Building the Portable Moravian Workbench with Will Myers” so that even beginners can build a solid, portable, and very affordable workbench that will fit almost anywhere, using mostly or only hand tools. You can buy it in my store here. You can find Will’s free workbench plans for the Moravian Workbench here. Whichever path you choose, make sure you choose to either build or buy a heavy & sturdy wooden workbench, with at least a 3″ solid top, strong supportive base legs, and at least one strong vise.

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.