I was very frugal the first time I made a quilt. I had only one machine (from the 70s), scissors, no rotary cutter, and used scraps from clothing to make the quilt. The backing was an old sheet, and brought to the front to make the binding. I used yarn ties instead of quilting.
I still use mostly older machines, but now I have rotary cutters, rulers, and a new-to-me quilting machine. I still like to make scrappy quilts.