Sekonic L-308s Light Meter
The Sekonic L-308S FlashMate is lightweight but packs a mean punch despite its diminutive size. The L-308S is perhaps the most popular light meter for individuals just starting out in photography, wresting that honor away from the popular, but now no longer in production, the venerable L-358 Flash Master. The lumisphere that's on the L-308S Flashmate doesn't retract, but the light meter does come with a lumidisc attachment that snaps onto the L-308S and essentially converts the sensor to a flat, directional meter. The lumisdisc attachment is perfect for metering flat objects like paintings or across surfaces like green screens.
The L-308S comes in a cine-focused version called the L-308DC DigiCineMate and includes all the exposure measuring accommodations one would need when shooting video. Although this is Sekonic's entry-level handheld light meter, it's very well built and has all the options a photographer would need when first starting out. You don't get camera and lens specific profiling, but for the price you shouldn't expect to. What you do get is an accurate, dependable light meter that doesn't cost an arm and a leg.