Personally -- I think a guy is always better off saving up the extra money and buying GOOD tools rather than cheap tools. Tools are an investment - and most good ones will last a lifetime.... so rather than buying cheap - then selling them down the road at a loss and upgrading... why not just start out buying stuff you don't need to upgrade. Save up - and shop - and I'd buy a great USED tool before I'd buy new cheap stuff. There's usually a reason cheap stuff is cheap.
On welders -- you have to pay attention to the "duty cycle".... many times the cheap ones have a real short duty cycle. Or they just really don't weld real well - the arc isn't stable etc. That's frustrating. The other thing is the gauge they are TRULY capable of welding. While it's easy to think you're never going to weld more than 1/4" material.... the minute you own a welder - there's all manor of people that need you to fix something for them -- or even fix stuff for yourself. If it's MAX is 1/4" --- while it might weld it... that duty cycle will be even shorter...
At 130 amps -- this welder has a 30% duty cycle.... so that's weld for one minute and wait 2 minutes before welding any more.... pretty crappy duty cycle!
http://www.eastwood.com/mig175-welder-and-cart-kit.html
This is also true of the cheap Millers etc.... very poor duty cycles.... Which is why I'd prefer to buy a larger used Miller or Lincoln or Esab (not my favorite)... that have 60% DC at far higher amps...