After a request from a user on this forum about eBay DMM in the past, I was amazed by how many old Fluke benchtop manual ranging models are still working, many are calibrated, and under $50 US.
http://cgi.ebay.com/Fluke-8010A-Multimeter-Calibrated-/170487664410?cmd=ViewItem&pt=LH_DefaultDomain_0&hash=item27b1db4f1aTo start in electronics and working mostly in DC or low volt AC [ie., such as generated by signal generators etc.,], these are superb because they are as accurate or better than the top 87V in both DCV and AC TRMS, and are cheap because few pros buy manual ranging DMM anymore. But it will best the accuracy and precision of most second tier, no name DMMs.
As for being second hand, DMMs are primitive micocontroller devices and thus use low voltages internally, and its less likely to die on you from age, even if its old. Plus, some of those sold on eBay are described as working and may have a short guarantee.
The only reason to choose a modern non-Fluke DMM, besides its major competitors like Agilent or Metrawatt, is safety, portability and convenience. However, how good safety is in no name brand DMM are working on line voltage is very iffy, you can find posts on this forum.
As for soldering irons, just get a basic under $10 job, without temperature control. You can find Chinese types or Velleman with temperature control for about $20 US. Like training for martial arts, if you use the very basic, no-frills version and get good at it, you'll be even better, and appreciate the better features, of a better made one.
http://www.epanorama.net/phpBB3/viewtopic.php?f=12&t=868With the money you have left over, you can get a Chinese 17B Fluke to take with you and use the bench meter when accuracy counts.
Hello I'm Starting out in the world of Electronics and Next year I will be doing a undergraduate MEng in Electronic Engineering. But I'd like to get some practice in before I go, I have some projects that I'm going to do but what multimeter and soldering iron would you recommend for £140/245 AUD/$202