Basic power tool set for Home repair and simple projects
Shopping sprees are counterproductive

There isn't a Great Depression coming up, and this isn't an expedition to Mars.  

Buy what you need... when you need it.  

As far as circular saws, I can't remember the last time I used one or even missed having one.  I think their danger:utility ratio is pretty poor.  What I've found indispensable, however, is a built-in radial arm saw with lead-in and exit tables. Wow, what a useful tool! 

I have a sawzall I used once.

Forget the wheeled dolly toolbox.  Tool boxes are personal choices. Get them a Home Depot gift card instead and let them figure out what works for them. 

The one thing I really do recommend, because they will never find it on their own, is a speed wrench + bit holder in lieu of a cordless drill to drive screws.  It's much more efficient than you'd think, and does several things for you.


exceptionally good control. No more blown through or buried screws. 
you can leave the drill bit in the drill
which makes pre-drilling holes more sensible, giving better work and fewer splits 
does not steal battery power from the drilling task