The use of purcahse of old existing tools can save a lot of money, unless they are known collectors items. Many people shy away from the old wooden hand planes and so they can often be found inexpensively. If they are in useable shape (no giant cracks or breaks) they can be put back into service and be as effective as their modern iron counterparts.
Here is a great blog post tracking the refurbishing and using some old wooden planes
Taking The Wooden Plane Challenge
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