What is Reddit's opinion of COMOWARE Titanium Twist Drill Bit Set - 13 Pcs Hex Shank High Speed Steel for Wood Plastic Aluminum Alloy, Quick Change, 1/16"-1/4"?

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Do these look ok for the job? https://www.amazon.com/dp/B07D9J6JLD/ref=cm_sw_r_cp_api_i_pzsEFb5H88PPA

Thanks for the help!

To "drill" the holes, yes. You'll need quick change bits like THIS. Although not designed as a drill, in a pinch, with the proper drill bits, drilling a hole in wood shouldn't be a big deal.

To sink the proper lag screws with their corresponding washers , you also need one of THESE socket adapters and then the appropriate size 3/8" socket (in this example, 9/16"). You should have at least two of these going into a stud, preferably four. And you can buy the screws and washers individually at Home Depot or any hardware store.

Without drilling a pilot hole, I'm not sure if this screwdriver could sink the lag screw. Never tried with a screw this big.

https://www.amazon.com/COMOWARE-Titanium-Twist-Drill-Bit/dp/B07D9J6JLD/ref=mp_s_a_1_10?ie=UTF8&qid=1538519940&sr=1-10&pi=AC_SX236_SY340_FMwebp_QL65

They make light duty 1/4" bits these are just an example.

https://www.amazon.com/DEWALT-DW0521-Connect-Impact-Conversion/dp/B000KKWLE8/ref=mp_s_a_1_3?ie=UTF8&qid=1538520015&sr=8-3&pi=AC_SX236_SY340_FMwebp_QL65&keywords=dewalt+drill+attachment&dpPl=1&dpID=41Z8TOZy3mL&ref=plSrch

This will convert any impact or the drill I linked.

Either option keeps you under budget.