The New York Times ran an interesting feature in which food columnist Mark Bittman explained how one could outfit a functional, well-equipped kitchen for less than $300. Even though this article was published in 2007, it is still relevant and helpful.
If you’ll be moving out on your own, you could turn this into a shopping list or a source for ideas for your wedding gift registry. If your kitchen counters and cupboards are overflowing, you might consider using this article as a reality check for the things you already own. If you have all kinds of kitchen accessories you don’t use, and they’re not on this list, you might want to consider getting rid of them.
Particularly interesting is a section at the end of the article where Bittman lists several “inessentials”:
STAND MIXER Unless you’re a baking fanatic, it takes up too much room to justify it. A good whisk or a crummy handheld mixer will do fine.
BONING/FILLETING KNIVES Really? You’re a butcher now? Or a fishmonger? If so, go ahead, by all means. But I haven’t used my boning knife in years. (It’s pretty, though.)
WOK Counterproductive without a good wok station equipped with a high-B.T.U. burner. (There’s a nice setup at Bowery Restaurant Supply for $1,400 if you have the cash and the space.)
However, if an item on this “inessential” list is one that you use regularly (be honest here), or saves you time and effort, by all means keep it.