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A multitool could very well save your life—just ask Aron Ralston. (Photo: Courtesy Leatherman)
The appeal of the multitool is obvious: it's like an entire toolbox in one, tiny package. The possibilities for problem solving are endless, and they can even save your life: just ask Aron Ralston.
Here are five of our favorites that won’t break the bank.

The Wingman has Leatherman’s signature design, with practical tools like a wire cutter, pliers, and even a small ruler. But we also like the small details like a knife you can open with one hand and the addition of a can opener.

This is the best multitool for people who primarily want a pocket knife but could also use a few additional tools. It has a 1.25-inch stainless steel blade, screwdrivers, and a file, all of which lockout when in use. The design is ergonomic and sleek, and small enough to fit on your keychain.

Spend a lot of time on two wheels? The M19 is one of our favorite bike-specific multitools that features 19 different tools including a full set of hex wrenches and a chain breaker.

The most useful tool on the Guppie is an adjustable wrench that opens to a half inch. There’s also a driver with removable bits, an LED light, and a high carbon steel two-inch blade.

SOG packs 12 tools onto this svelte piece of metal that looks like a skull. You get a series of screwdrivers, a wrench, a knife sharpener, a nail pry, and of course a bottle opener.