So people are either using $10 meters or $500+ professional meters?
The cheaper Fluke meters are geared more toward the electrician than the electronics hobbyist.
After some research, I ended up ordering the Uni-T UT139C.
I watched EEVBlogs teardown and criticisms of the other Uni-T models, but the manufacturer must have been watching too because those issues seem to have been addressed on the UT139C (judging from a teardown video).
It's $40, has a backlight & temperature probe. I think it is what I'm looking for.
The problem is that I went ahead and bought it instead of putting it on my Christmas list.
EDIT:I watched some more reviews on youtube. Seems the backlight turns off 15 seconds after you turn it on which I'm sure will get annoying. Still happy that I ordered it. Not much else to knock about it unless you plan on working on super high voltage stuff.