I've tried and purchased a lot of home studio gear over the years, some of which I still use every day, and some of which I’ve sold on eBay or just don't use anymore. I’ve blown a lot of money on equipment and plugins that didn’t perform well enough, were not what I expected, or I simply didn’t need.
I now limit spending on my home studio to essential items. I’ve stopped buying new plugins. And I spend my cash wisely, on the gear that makes sense, I have researched well, and that I can get maximum use from.
Most items in each category below are in use almost daily in my home studio.