I recently got myself a magnetic pin cushion (I got the one with the lid which makes it easy for transport) and a box of long glass-head pins which are thin and glide through fabric.
Also got a bendable light that I put on the side of my machine. There are LED strips available also instead of the bendable ones.
If you plan to do any applique, I would recommend getting a plastic open-toe foot.
As for the quilt - you could make it to hang on the wall. Not all quilts need to go on a bed and a memory quilt won't need to be washed.