The best water meter for horticulture, and bonsai in particular is the human, especially the human finger, but also the human eye, and the human sense of weight.
Dig your finger in, so at least your fingernails are completely buried in the soil. Feel the moisture? Is it cool at that depth? If cool, if it feels damp, then no water is needed. Look at foliage, you should be familiar over time with your own trees that you can spot the slightest wilting from 10 feet away. Your can be tuned in to your tree's appearance. Water in the tissues create turgor, the minute water supply falls, the turgor will change and how the leaves are held will drop a little. You will be able to see this, even from a distance.
Last, just lift the edge of the pot. Notice the weight. Wet soil is heavy. Dry soil is light. Within 2 weeks of purchasing a tree, or repotting a tree you should be familiar enough with the heft, the weight of that pot & tree combo, to know if it needs water just picking up the edge of the pot.
The above techniques are VERY ACCURATE, you just need to calibrate your sense of touch, weight, and be observant of the appearance of your trees.
If these tricks are not obvious to you, you need to spend more time with your trees. Notice what is going on.
I worked in a chem lab for 40 years, there are zero cheap, but accurate moisture meters. Learn to use your fingers, eyes, and sense of weight.