If you are planning on going on a multi-day ride or just riding a long distance in a day, you should have something for first aid, just in case. Unfortunately, almost everyone who cycles frequently will go down at least once in their life. This kit can be really small and compact and can include bandages, some gauze, and a small bottle of a disinfectant.

Keychain style flashlight or headlamp, LED type, not incandescent:   The keychain style is tiny and lightweight, the headlamp style is a bit bulkier but easier to use.    You can get these for a couple of bucks or less at the local big box hardware store.  The LED ones are lighter, more durable and last considerably longer.   Very useful if you need to make a repair after dark!  I keep a keychain style one as a backup as I normally have a headlamp in my backpack.
It includes nine tools: seven hex bolts, one torx bolt (the star-shaped one), and a Phillips screwdriver (also the star-shaped one). Like Peter says in our guide, if you have a newer mountain bike or road bike it pays to take a quick look at what types of tools you need, as torx bolts are becoming more common. And a quick glance at the bottom of your shoes or derailleur bolts will confirm if a Phillips head is the right choice.
But before I get started, let me share with you a few tips. OK, one tip: Get a work stand. Because putting your bike upside down isn’t good for it—yes, I said it. When I first started fixing my own bikes, I couldn’t afford a fancy $300, folding, magnetic, fixes-the-bike-for-you stand. I tried piecing together a “DIY $30 Stand.” I followed all the directions that the Internet demanded, and once I’d bought all the clamps and pipes, this thing cost really more in the neighborhood of $60—but it only stayed upright with a rope tied to something sturdy in the garage. It was one word: junk. So I bit the veritable chainring and charged a decent stand on my credit card (I hate debt, folks).
The best type of bike for exercise depends what level of rider you are and whether you would rather ride on trails or on the road. There is a type of road bike that is called a “Fitness Bike,” and features a lightweight frame and narrow tires, but do not have a drop handlebar. This may be the best type of bike for someone who intends to ride regularly and strenuously on the roads. If you plan to do a lot of trail riding, the best bike for exercise would probably be a mountain bike. For a person who uses bikes for transportation and exercise, but doesn’t go off-road, the hybrid bike build is a good type of bike.
A pair of disposable latex gloves:  Not absolutely necessary, but good for keeping grease and grime off your hands during a repair.  Also, nice to have in an emergency when it starts raining and the temperature drops 20 degrees and you don’t have a pair of regular gloves.   Just keeping your hands dry and the wind from directly blowing on them makes a huge difference in comfort.
Whether you ride a single, 7, or 10 speed bike or anything in between, you will need a slightly different chain. The major difference is that they come in varying widths to accomodate the different spaces between the gears, but quality of construction is also a factor in choosing a chain. Inspecing the chain should be a part of your regular cycle maintenance procedure- It’s important to keep a chain well lubricated, but oil will also attract dirt and so different oils for specific riding conditions are available. Remember to clean your chain regularly to get the longest life out of it and the gears.
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