As to a DIY electronics toolkit, this is what I generally would recommend.
Equipment & Tools
- Xytronic 379 soldering station, temperature controlled ($50 from howardelectronics.com)
- Helping hands (Radio Shack has these)
- Hands-Free Magnifier (like this one -
http://www.garrettwade.com/shopping/product/anotherview.jsp?img=/product/large/19R0501_large.jpg)
- Solder Sucker
- De-soldering Braid
- Digital Multi-Meter (picked up a decent one at Wal-Mart for $20)
- Wire strippers
- Wire cutters (regular size and miniature)
- Needle nosed pliers (miniature, variety of shapes)
- Tweezers
- Forceps
- X-Acto knife
- Dental pics
- Screwdrivers, wrenches, etc. (stuff you probably have on hand)
- Test leads with alligator clips on each end
- Rulers (6" works fine)
- Drill and bits (drill press can come in very handy, too)
- Small files
- Light source on articulated arm
- Nut drivers
Supplies
- Solder (most any lead solder with flux core should be fine)
- Flux
- Small brushes (dusting, flux application)
- Cable ties
- Heatshrink tubing (selection of various diameters)
- Heat Gun (to shrink the heatshrink tubing)
- Containers to hold parts