I learned my lesson with cheap bits when I tried to drill out a broken bolt for easy outing. When the bit brakes off in the broken bolt what do you do?
I wouldn't buy a tool from HF for my four year old.
If big-boy tools are a bit expensive for you may I suggest going back to school, getting a better job and then re-evaluating your choices.
Please don't bother your neighbor when your HF garbage breaks at eight pm.
Thanks,
Your Neighbor.