Yeah I am saving for retirement too as I have an IRA. I want as little debt as possible.Now's the time for you to begin saving toward that house and your future retirement. Making good money and limited expenses, the perfect combination for starting to build wealth early in life. I always considered buying tools more as an investment than an expense because I knew they were going to save me a lot more money than I'd paid for them. In your case good tools just allow you to be able to do your job easier and faster. Like everyone I hate to buy a special tool for something and may never need it again but if the tool is $25. and I'm saving $300. by repairing it myself that tool just made me $275.