What and where are you shooting? Back when I did a lot of product photography, and was first starting off, I mostly just used cheap, garage shop-lights and white poster board (and sometimes silvered car front window shades) as reflectors. It worked really well. The lights were halogens, so they got hot pretty quickly, which could be an issue. You might could try using LED lights, which weren't an option back then. Since they're a constant light source (instead of a flash), it's a lot easier to set up the lights on small objects to control specular highlights and shadows, which is pretty important. It also makes metering a breeze. Later on, I was given a ring light and acquired some speed lights, but I still used the shop lights for macro type stuff until I got some professional studio lights with modeling light capabilities.
Now, if you're shooting outside or on location (away from a power outlet), or shooting something that can't stand the heat (bugs, some delicate plants, or animals), that probably won't work for you. But if you're looking for the cheapest way to get the best results, that might be it.