Expensive or name-brand does NOT always mean better. Here are tried-and-true tools, all under $200, mostly even under $100. I'm a Le Cordon Bleu grad and persnickety customer.
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Everyone needs a small 1.5-quart saucepan for sauces and cooking for 2-3 people! This is a solid, reliable pick. But it does NOT work on induction cooktops.
When in doubt, OXO everything. I use this for stirring soups, sauces, stews, etc.
OXO Good Grips Nylon Spoon
The best, sharpest, and most portable peelers ever. Super cheap. Don't consider anything else.
Kuhn Rikon Original Swiss Peeler 3-Pack Red/Green/Yellow
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The average person will need a butcher knife maybe 2-3 times per year. But when you need it, you REALLY need it. So make sure you have a good butcher knife. Victorinox is a solid brand that's very affordable.
Victorinox 7" Chinese Classic Chefs Knife Stainless Steel Cleaver Butcher Knife Fibrox Handle Swiss Made
If you invest in ONE knife, it should be your chef's knife. Wustof is my favorite. The knife and handle are one solid piece.