Even a cheap drill press is better than none, and a 8" bench model will run you about $100 when on sale at home depot. I have a cheap 14" one at home that my kid bought me for my birthday a couple years ago, and it does all jobs that I would want to do at home passably well.
DO buy a vise, even a small 3" or 4" drill press vise. They're only $20 and will keep your work from being pulled out of your hand, thrown across the room, embedded in your body, etc.
And jut keep in mind a couple things:
The slower you turn a drill, the deeper it cuts per revolution, and the more torque it puts on the bit.
The deeper the drill cuts, the more chance that the chips are not going to shear, and the drill will "grab" and put a TREMENDOUS amount of torque on the bit.
The smaller the drill, the less torque it can handle before it breaks.
DO buy a vise, even a small 3" or 4" drill press vise. They're only $20 and will keep your work from being pulled out of your hand, thrown across the room, embedded in your body, etc.
And jut keep in mind a couple things:
The slower you turn a drill, the deeper it cuts per revolution, and the more torque it puts on the bit.
The deeper the drill cuts, the more chance that the chips are not going to shear, and the drill will "grab" and put a TREMENDOUS amount of torque on the bit.
The smaller the drill, the less torque it can handle before it breaks.