Buy This Knife: Forschner Victorinox Fibrox 8 inch Chef's Knife
What's the most important thing you can do to improve your cooking? Buy a better knife.
What's the second most important thing? Buy a better knife.
I learned this lesson the hard way. When I first moved out of the college dorms and into a real apartment I spent a lot of time trying to figure out what cookware would give me the best bang for my buck. I made an awesome decision on the cookware front (more on that later...), but didn't put much thought into the knife purchase. I bought this set by Chicago Cutlery, thinking I was getting a lot of knives for my dollars. But they weren't sharp, they bent when I cut through anything substantial, and I used the main chef's knife 95% of the time, leaving the others in the block.
I should have known better. I'd read Kitchen Confidential by Anthony Bourdain, where he says: "No con foisted on the general public is so atrocious, so wrong-headed, or so widely believed as the one that tells you you need a full set of specialized cutlery in various sizes." So Tony (if you somehow miraculously ever end up on this site), you were right, I was wrong, and I'm sorry.
Admitting my mistake, I did some research to find the best inexpensive chef's knife, and came upon the Forschner Victorinox Fibrox Chef’s Knife.
This knife comes highly recommended by America's Test Kitchen:
One tester summed it up: “Premium-quality knife at a bargain price.” Knives costing four times as much would be hard pressed to match its performance. The blade is curved and sharp; the handle comfortable. Overall, “sturdy” and “well balanced.”I bought the Forschner this past summer for about $25 at a restaurant supply store, and couldn't be happier. (You can find it online anywhere from about $20-30, so shop around a little bit.) The knive is strong, sharp, and substantial without being heavy. It feels good in my hand, and my chopping and prep work have improved immensely.
If you have a few bucks to spare, you should also get a paring knive for more delicate work like peeling. Forschner has some good ones for under $5, so just go ahead and get the paring knife as well.
That's pretty much it. You simply don't need more than those two knives (chef's and paring) for 99% of everyday, standard home-cooking. Yes, it would also be great to have a boning knife and serrated slicer, but this is the Frugal Foodie, not the Fancy Foodie. While I do hope to get my hands on a supreme-quality knife set someday, you should save that for when someone else is paying, like when you get married.
Footnote:
Some readers (read twentysomething friends of mine) may not know why knives are so important. Two thoughts for now, which I will likely expand later:
1. Cooking is 90% prep work. This is all the cleaning, chopping, measuring, and organizing you do before the food hits the pan or the oven. Cooks call this mise en place, literally "setting in place" from the French, or "everything in its place" more colloquially. Being frugal is not just about managing your money, it is also about managing your time. A good knife (plus practice) will get dinner from your pantry to the table much more quickly than a crap knife.
2. A sharp knife is a safe knife. Counterintuitive, yes, but a dull knife won't cut your food, it will only cut you. You will try too hard and will slip, while a sharp knife will glide right through. I could write pages on what makes some knives sharp and some not (this guy has, an absolutely awesome read if you have the time), but just trust me for now.