I have a UT-61E and a bunch of Flukes. UT-61E comes with an rs232 adapter via IR port on the back for connecting it to a computer, which can be real handy for data logging. It's why I got it, since it's something I use rarely and for $50 it's about the cheapest solution out there.
I am not going to hate too much on it. It's a cheap meter. It has some redeeming qualities, it's fairly small so it doesn't take much room and it's conservative on the battery consumption. It can certainly do the job, but I echo what others have said. Get a proper safe meter. More importantly you should have at least 2 meters, ideally 3. Since you want to measure multiple things at the same time, and you want to be able to double check their results if for whatever reason one of them goes out of cal or it breaks.
Great deals can be had on Fluke 2nd hand meters on Ebay. 83Vs are excellent meters and can be picked up under $100. Even 87Vs can go under $200 you just have to be patient. I happen to really like Fluke meters, because they are top quality and their UI is my favourite. But you can also go with a new meter from other decent brands.
- Brymen, Amprobe, BK Precision, Agilent/Keysight.. are some that you can also go with.
A decent DMM will outlive your every other tool pretty much, and DMMs don't really become outdated like other gear. A 30-40 year old 8060 Fluke is still a very capable meter for instance. So spending extra few bucks on quality goes a long way.
For the absolute cheapest decent meter, Amprobe AM-510 is pretty good.