Budget hand to drill auger conversion.

[BearLakeFishGuy]

I converted my 30+ year old 8" blue Mora auger and use a drill (Flex brand from Lowes that has MORE torque than a Milwaukee Fuel) last year. It cuts incredibly well!  The biggest waste of money is buying special augers (kdrills, Strikemaster Lites, Nils, etc.).  Just use the old hand auger and get a drill with torque, so you can power through the thick ice.  The drill cost me about $200 but included a charger and one 5ah and one 2.5ah batteries.  I can (and do) us the drill the rest of the year on other projects.  Stop wasting money on auger bits (and $400 drills) thinking the old ones will not function with a power drill.....they do just fine!