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When my kids were about that age I got them an "all in one" sort of thing from Craftsman. I figured it would at least be decent tools even if they wound up less than useful (little hammer). As they are now nearing end of high school I look at basic car and apartment needs and really, the adult version of an "all in one" might be a good way to go. If they need more tools they either buy them for themselves or come to me and we do a little bonding.

I may also try to give some tools to kids ... so I can get new ones for myself but my wife will likely see through that scheme.