Everyone’s first piece of test equipment should be a multimeter. Next is probably a power supply with current limiting. For many engineers, the next step is an oscilloscope. At least those working on digital electronics. Even if you are not working with RF, do not overlook a spectrum analyzer. The Rohde & Schwarz FPC1500 is three instruments in one: a Spectrum Analyzer, RF Signal Source, and a Vector Network Analyzer. In this post, I combine an FPC1500 review with an introduction to these frequency domain tools.
tl;dr; I recommend buying the FPC1500.