If you need to rip wood, then the Speed Square can be an asset as well. Because of its lipped fence you can make a straight line the length of the board. It features ¼-inch increments on the inside triangle cutout where you can place your pencil to draw a line for however much you want to cut from your wood. The divots help keep the pencil straight when measuring. Gather other tips for ripping wood to get the job done well.