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.
The primary investment of any garage workshop are the tools. Protect your investment with a high quality tool chest that is neatly organized and (if needed) lockable. Look for smooth rolling ball-bearing drawers, and if you’re buying used, beware of rust and dirt that could corrode your tools. We recommend installing drawer mats to keep your tools from sliding around. They also give your tools a softer cushion to rest in.
I save all my back issues of The Family Handyman magazine and love the projects and repair tips. The trouble is, I’m not always ready to do the project when the issue arrives. To make my favorite articles easy to find at a later date, I put a stick-on label on the cover and then add notes for easy reference when the time comes to do the job. — Willie Schreiber. Plus: Check out this small workshop storage solution. Small woodshop workshop on a budget