As a newbie myself, I started with Tandy to see if I was going to like it. I started back in September 10. In December 10, I drove 3 hours to the nearest Tandy store to pick up some heavy items and some dyes. I made the decision to purchase the Elite Club membership and paid for it in savings on that trip. I can see it easily paying for itself many times over through out the year.
Even with the best prices, watch the sales that Tandy has. I got a lot of my stamps at below the wholesale price, and was able to upgrade to better tools with sales. I started with the ergo swivel knife and the 1/4 inch ceramic angle blade. I cut with both the 3/8 metal blade and the ceramic. I like the ceramic better.
Basic tools to start with:
The wooden strap cutter
sewing awl
skive knife
v groove cutter
edge beveler (I started with a number 2 and 3)
swivel knife
select some basic stamps dependent on what you want to do (basket weave, camouflage, beveler, backgrounder, pear shader, etc)
A leather mallet (never strike your tools with a metal hammer)
Hole punches (Go ahead and spring for the pro model rotary punch, lifetime warranty)
I picked up the maxi and mini punches because all my holes are not on the edges.
If doing straps, pick up a strap end punch (get the larger one to start with, it will work for smaller straps too)
Now, when I make an order for expendables, I throw in a couple of punches and usually some kind of tool. I will build my tools up as I go. I looked at the kits they offered, but many of the items included in the kit would not have been used for my projects.
Always buy the best tool you can for the money you have to spend. I spent over $800 at my visit, but you can get started for less. You can buy lower grade leather to get started with. I have had good luck with the Oak series leather from Tandy.
Every person will have different needs for tools, so just plan out your projects. Most of the kits sold a Tandy will give you a list of stamps needed and many of them will list tools needed. I purchase a couple of kits, but more for making patterns than the kit itself. The employees at Tandy are leather workers too, so they are very helpful if you have questions.
Hope this helps.