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If you're looking to go the cheap, light, good, and dependable route, I'd recommend buying a used Canon Powershot off Amazon. Mine takes fantastic pictures, has lasted me a long time, and was very reasonably priced (under $150 I think, for a top notch camera). Depending on the model you get, it'll be between 4 and 6 oz for a good display screen, a viewfinder, optical zoom, and great pictures. I think it's well worth the weight.
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