This Instructables details the construction of a PICAXE-based digital oscilloscope designed to meet most hobbyist’s needs and which can be built for under $100 (the author spent about $70 on his). Cost varies depending on what you might have on hand.
LCS-1M – A Full-Featured, Low-Cost Hobby Oscilloscope
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Gareth Branwyn is a freelance writer and the former Editorial Director of Maker Media. He is the author or editor of over a dozen books on technology, DIY, and geek culture. He is currently a contributor to Boing Boing, Wink Books, and Wink Fun. His free weekly-ish maker tips newsletter can be found at garstipsandtools.com.
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