I was lucky in that I was given a 20mhz Tenma scope. Literally, it was given to me. My grandfather knew someone looking to get rid of it...next thing I know, I have a scope. I don't know if he gave anything for it (he's got a habit of buying stuff for me then telling me he didn't pay anything for it). Its not a horrible scope...accurate enough for audio work. I used it to check the output of my soundcard, which gave me clean accurate waveforms all the way to 48khz.
On the subject of Harbor Freight meters; I bought one of their premium $50 meters. Autosensing with temp probes, light sensors and will measure just about anything I could want (excluding HFE, which honestly, my Wavetek that looks similar to the one you posted will do...if I ever needed it). But, anyway, the one I have will light the proper jack for the function you're using. If its not connected or connected improperly...it beeps at you.
Its become my favorite meter despite its cheap brand name. I compared it with the True RMs Wavetek in the shop and they're both about as accurate. Also love the fact it will tell me the ambient temp and R.H. of the room.
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