I'm FAR from a welding expert - but how I think about it is that a mig welder's good up to 1/4" thickness, and definitely what you want for sheet metal.
Anything 1/4 or over I use stick.
It doesn't HAVE to be that way, but that's what I do.
You didn't mention sheet metal, but I'd say if you see yourself having that need, it's hard to beat a good, even low power mig welder for that job. (a real one with gas - not flux core - flux core burns hotter making the job more difficult)
But - if money's a factor, and you don't see yourself welding body panels, etc. it's hard to beat a basic old tombstone. Search craigslist in your area and you're sure to find a few cheap ones.
So cheap that you won't mind spending more money on something more refined later, once you live with it for a while and figure out its weaknesses in the way you work.
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Today's Featured Article - George's Fordson Major - by Anthony West (UK). This is a bit of a technical info to add on to the article about George's Major in the "A Towny Goes Plowing" article. George bought his Major from a an implement sale about 18 years ago for £200.00. There is no known history regarding its origins or what service it had done, but the following work was undertaken by Harold alone to bring it up to show standard. From the engine number, it was found that the major was produced late 19
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