A quadrant is both simple and inexpensive to make.  It is particularly useful if you do not have setting circles or a go-to computer on your telescope.  I didn't realize its utility until I took an observing course through my local astronomy club.  A quadrant allows you to record observations for the benefit of  yourself and others, and can help give structure to your observing habits.   A quadrant, which measures degrees of altitude and azimuth,  helps locate the position of a celestial object in relation to where you are located on the earth at a specific time.  It can also assist in judging angular distance.
I made this quadrant  from a piece of scrap 1/4 inch thick masonite.  First, I made an enlarged photo-copy of a protactor and brought it to Kinko's to create a transparency (make two transparencies and use one as a template to trace a cutting line on the masonite).  I cut the "template transparency" in half, actually a little past the 90 degree mark, traced it on the masonite, cut the masonite to size, and used self-sticking paper from a crafts store to cover the masonite for the desired background color.  Glow-in-the dark self sticking paper makes it easier to read the numbers outside at night.  Yes, any exposure to ambient light can ruin night vision, but I liked the idea and I'm usually observing in the vicinity of neighborhood lights anyway.

I then cut the second transparency to fit and glued it on by the edges.  I screwed a 3/8inch wide flat metal strip to the quadrant at the interstection of 0 degrees and 90 degrees and attached a small rod to the tip of the flat strip to get a more accurate reading.  Although it is not shown in any of my pictures, I also cut a piece of an old leather belt to make a loop strap which is glued to the back of the quadrant for ease in holding.  The sight tube on top  is a 1/4 inch diameter plastic tube I had in my scrap box.
LINKS TO QUADRANT SITES
Medieval Science and Scientific Instruments Nice replica projects authored by a Ph.D.
The Event Inventor A simple and easy to make quadrant