Quoted from donjagra:I just bought a sweet 30 watt setup at the local radio shack closeout for $5.
Quoted from yonkiman:Wow - that looks like the exact soldering iron kit I used to launch my electronics hobby (and later electrical engineering career) 41 years ago! I guess some things really do never change...
That said, it's a pretty crappy iron (though it's still a lot better than the massive soldering gun some people try to use).
The OP said he's planning to do board work, and that soldering iron has a 2-pronged plug. I think you'd want to use a soldering iron with a 3-pronged grounding plug to prevent stray voltage from collecting at the soldering tip and potentially damaging sensitive components.