Norman's link is more or less the same machine as I have. Yes it is a bit big but it will cut anything you want with certainty, there are a few improvements that are fairly standard. I stow mine under a high bench. If you want to do a lot of sawing then this is a very inexpensive way to do it even including the bimetal blade that is a very desirable extra. If you can find the space then this is a very good tool for the workshop.
With the blade vertical and mounting a table on the lower guide you have a good vertical bandsaw which can do fine cutting on a broad range of materials.
Although there are always exceptions to any generalisations….. wood bandsaws tend to have rubber tyred wheels, high blade speeds, dust extraction, no blade lube, vertical blade. A metal bandsaw tends to have slower speeds, metal wheels, no dust extraction, often horizontal blade, better machines blade lube/coolant .
My view is that this is about the cheapest reliable way of cutting a fair bit of metal however the Evolution Rage sliding saw is less expensive , takes up less space and has other tricks. Aldi were selling a compact hand circular saw recently which is the lowest cost option and within your budget, When mounted inverted and with a few extra bits this could be a useful tool for light use, Mike Cox reviewed the saw on his website which I mentioned earlier.
Billy.