Office 2010 Home & Student is an affordable option for non-commercial use but it lacks Outlook.
Outlook 2010, when purchased by itself, is missing some features found in the version installed from a suite, including SmartArt and themes.
One would think that Outlook would pick up the missing features from Word but users are discovering it doesn’t work like that; to have all of the features, you need to have Outlook installed from the same suite as Word.
That’s how it was in previous versions of Office but is not entirely true for Office 2010. Some (but not all) of the missing features will be available to Home and Student users if they uninstall the click-to-run version and download the MSI and install it. (I’m told that the Illustration features on the Insert ribbon are enabled but themes aren’t.)
For more information and instructions on replacing the click to run version, see
Outlook features disabled when installed with Home and Student
Published February 17, 2011. Last updated on May 17, 2011.