Perhaps I'm being unrealistic, but $101 sounds a little expensive for a
kit such as this.
Maybe you should have a look at the Pico products. That will give you
a guide as to the $ in ready-made units that are sort of comparable.
A lot depends on what sort of accuracy/resolution you want. Most
unspecified cheapo DMM's would be battling to do 0.5% even in their
own minds, while that kit is 12 bit which translates to (1+1 bit)
betetr than .1% plus the MAX chip contribution - far better.
When I was doing a commercial Li-Ion charger design for a client, I
rejected all the RS232-capable DMM's I could find below $100 for
accuracy reasons. I wound up using an HP/Agilent beast with .001% -
that was overkill but it was available at the right price ;-)
At the other end of the scale is the old EA Pocket Sampler kit, which
I believe is still available. 8-bit resolution, which may suffice,
and is HEAPS cheaper than either the K118 or the cheapo RS232 DMM's.