Don’t follow the temptation to cheap out and buy a cheap combination square. Because, like me, you will eventually have to replace it because of its inaccuracy. If you want your joinery to fit perfectly, then you need to scribe it accurately with precise marking tools. Unfortunately there is really only one company (that I know of) that makes a super accurate combination square. But fortunately it is amazing, and I use it daily. I’ll talk about it in-depth in the Layout & Measuring Tool Buying Guide.
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Definitely worth reading and extremely helpful for beginners and those wondering what it's all about. The problem comes with the large number of tools one needs before you can even start to contemplate whether this is a hobby for you. A better approach might be to pick one tool and then show what a true beginner can do with that in order to create some enthusiasm for woodworking.
Drill four 5/8-in.-dia. 1/2-in.-deep holes on the large disc?inside the traced circle?then use 5/8-in. dowel centers to transfer the hole locations to the underside of the small disc. Drill four 1/2-in.-deep holes on the underside of the small disc and a 1/2-in.-deep hole in the center of the top for the dowel handle. Glue in the dowels to join the discs, and glue in the handle. We drilled a wood ball for a handle knob, but a screw-on ceramic knob also provides a comfortable, attractive grip.
No joke. As you get into building you’ll discover that woodworkers use jigs for everything, and that can be intimidating. The Kreg Jig company has absolutely knocked it out of the park in making jigs accessible, easy to use, and so incredibly useful that you’ll wonder why you didn’t think of that. They are affordable, and after just one build you will be singing the holy Kreg praises. I won’t go into each one, though I am happy to answer any questions you may have. Here’s a list of the jigs I have used and found incredibly helpful. (It’s a growing list!)
The fourth most important basic handheld power tool every beginner should buy is a random orbital sander. While palm sanders are less expensive and can use plain sandpaper (cut into one-fourth sections), the random orbital version uses hook-and-loop fastened sanding disks, and doesn't sand in patterns, using instead a random sanding motion. This will motion will serve to reduce the chance that any sanding marks may appear on the stock due to the sanding. Of course, be certain that your local woodworking supplier has sanding disks readily available in a number of grits to fit the model that you choose, as the key to proper sanding is to use progressively finer grits as you sand to reduce or remove any marks that are left behind from the previous sanding.
The very affordable coping saw (often around $20) is regularly used for rough cutting shapes in the board, but especially for removing waste from dovetail joints (one of the most common wood joints). An affordable coping saw will work just fine as long as you have plenty of replacement blades on hand (also very affordable). Read my hand saw buying guide for more detail on brands & features to look for when purchasing a coping saw.