I'd like to think we could all do this the way our grandmothers handled it, with just the very basics. I made my very first quilt more than 35 years ago with no skills what-so-ever, using fabric my FIL gave me, a borrowed sewing machine from my mom and basic supplies from Woolworths! Now we have rotary cutters, cutting mats and so many more 'bells and whistles'.
My initial expenses were about $10!
By the way, I still have and use that first quilt - it was made with wide-wale corduroy and old flannel shirts!