Step 2Non-Portable
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My first soldering iron was from Big Lots and it set my mother back a whole $2. Definitely not the best, but it did make things burn and melt. I would recommend getting a slightly better one from Radio Shack, which I sadly still use due to the backorder of my new Weller station. If it wasn't for Ibanezfoo, i would have totally forgot to mention wattage. I would recommend no less than 20w and probably wouldn't go much above 30w. That is why adjustable stations are so nice.
UPDATE: I have finally received my Weller and man is it nice. Heats up to 550 F in less than a minute. After using that Radio Crap one for so long and waiting 5 min for it to get close to heating up, this is like heaven.