I own the Lezyne CNC Chain Rod, which I’m a big fan of (yes, I know I’m partial to Lezyne here–they’re a local-to-me, San Luis Obispo company and they sponsored my collegiate team, so I got tons of gear) and it costs right around $30. But the truth is that even the cheapest of chain whips will likely do the job. In fact, I’ve found a dude who knows his stuff and shows you how to make this tool all by yourself. I would even go so far as to say that you probably have enough materials laying about your garage (if not, try your parents’ garage ? ) to put this together without spending anything. Check out the video below:
Man, if you're starting out and you know you'll need several components for a bag... just get this. It will save you so much time picking everything out that even if you balk at the price (amazing value, by the way) I bet that if you did the math using your hourly wage and the time spent picking everything out and making sure it fits... you'd save a lot of money and a lot of irritation if you just got this. Just get this.
Brakes come in a variety of designs depending on the age and style of your bike. Rim brakes offer more modulation but have less stopping power, so are more suited to riding on the roads. Disc brakes can provide huge amounts of stopping power so are best suited to off road riding, although ‘V’ rim brakes are also well suited to mountain biking. All brakes use a friction system to stop the movement of the wheel, so regular checks of the contact pads should form part of your regular cycle maintenance.