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I live on the other side of the world, I got mine for 30 bucks from Jaycar, but you don't have that. Toslink -> RCA, I'm sure you can find something from Amazon for whatever.
Something like this, first thing I googled
https://www.amazon.co.uk/gp/aw/d/B009ZR7IB8/ref=sspa_mw_detail_2?ie=UTF8&psc=1
timmah!
Tell me more about this cheap DAC solution. We got a new TV, it sounds shit.
But Hi-fi wise I am old school just turntable and amp. The amp has spare inputs so this will be a good solution.
Any cheap DAC recommendations for this guys?