You should be able to squeeze a router or maybe a dust collector into your budget for that price if you're careful. Lowes, HD, Sears, or even Grizzly can set you up if you time the sales right. Buying used is another viable option to maximize your purchase power.
There's currently a 25% promotion called Microsoft Cashback through their search engine called Live.com. You can save 25% per transaction up to $200 per. Grizzly has several items available on Ebay, and even if they don't have what you want, it's possible to contact their Ebay team and have them list what you want so you can get the discount. If you have 220v, you can buy a 3hp industrial Grizzly G1023SL
tablesaw for ~ $855 delivered after discounts.
Here's how it works (there are no significant strings and the savings are real). The Cashback discount is currently 25%. You need to originate a search though Live.com
that results in an Ebay hit that shows the "Live Search Cashback" symbol
. Search words "chisels", "coffee", "Wii", "laptop", or "coins" work for me just about every time. It doesn't matter what you search for initially, as long as it results in a hit that has that symbol that links you to Ebay.
Then enter Ebay thru the link from your Live.com search. You should see the "Microsoft" Cashback banner at the top of the page
. Once you've got that banner, that session and the stated discount is valid for 60 minutes....after an hour you can repeat the process to refresh it. Now you can search Ebay for any item you want, but it must be listed as a "Buy It Now" item, and they must accept PayPal as payment, and you must pay using PP. You'll see the Cashback banner at every step of the checkout process right up to confirming the purchase, so you'll know what your saving. Note that the discount is subject to change without notice. 30% is as high as I've seen it. You're allowed up to 12 cashback transactions per Ebay account...each transaction has a cap of $200. You might even check your emails for a 10% Ebay coupon that can be stacked!
Once you make the Buy It Now purchase, you'll receive an email from the MS Cashback folks stating that you've earned Cashback. It'll provide a link to set up a "Live ID" account with Microsoft. Your cashback will be available after 60 days, at which time you'll get another email with a link where you can request your payment. It typically goes straight to your PayPal account but I've read where others requested a check.