I hate to admit it, but that's what I use
, that and a 6" Delta bench grinder, a cheap hacksaw, a dremel, and a bunch of files.
I guess they kinda work, but probably only to those of us who don't yet know the difference.
Go ahead and get one. They're pretty cheap and do a half decent job. The biggest problems are that:
1) They don't have adjustable speeds, and
2) The platen stinks - it extends about 1/2" from the edge of the belt, so your plunge line ends up being a complete mess. You'll have to make a new one.
Once you get a bit better, you can justify spoiling yourself on a better (and more expensive) piece of equipment for your shop.