Don't know the intended use of the meter, but if you plan to use it on mains voltage then a cheap meter can be a bad idea. Meters (professional ones at least) are rated category I-IV, its a measure of their ability to withstand a fault, the higher the better. My employees (electricians) are required to use at minimum CAT III meters. It can be the difference between no damage (or a dead meter) vs. a hand grenade.
Case in point; years ago I had a brain cramp, I was working on a clothes dryer with a rat shack analog meter. I accidentally measured 240VAC on OHM scale. Apparently there was no internal fuse. Before the front blew off the meter, the leads in my hand turned cherry red and gave me a nice temporary tattoo across my hands. it's been Fluke ever since.
Read up on it here ==> **broken link removed**