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They look really nice. Much better than mine ever have.

Speaking from experience, I really prefer drilling in holes to punching them in. However, I don't get as neat a stitching with my drill as I do with punches. I also would prefer to use a boning tool to a spoon to work the leather, but a spoon will work in a pinch.

You really don't need all that equipment. All you really need is a scissors or razor to cut the leather, a drill with a small drill bit to punch holes and a stitching awl. You can work wet leather to form it with a spoon. You probably already have the scissors or razor, the drill and the spoon. So all you really need is the awl. Your product won't look that professional but it give you an idea if you enjoy working with leather. If you enjoy it, then buy the tools from Tandy. They aren't that expensive.