I installed
one of these slightly more complicated meters in my RV; it monitors current (amperage), power (wattage), and energy (kWh) besides voltage.
The voltage sense lines connect to a hot and a ground on a branch circuit, with a low-value fuse in the connection to the hot line. I used the air conditioner circuit as I figured that was the place where I would be most concerned about voltage, though it really shouldn't make a significant difference unless there's some serious problem in your wiring.
The current is sensed via a current transformer that slips around the wire carrying the current to be sensed. I put it around the wire between the transfer switch and the 30A main breaker so as to monitor the current being used by the RV.
Between the meter and these connections, I used "alarm wire" which is available from places like Home Depot. This is a fairly thin multiconductor cable that is rated for AC voltages and typically used for fire alarms and other such things. I chose the version that is shielded, not because the signals need shielding, but because it seemed a bit safer to me to have a grounded covering around the contained wires; hopefully, should there be any physical damage or chafing, it will short to this ground and blow the fuse rather than possibly have a live wire hanging around.
The hardest part by far for me was routing and fishing the connecting wiring.
Edit: Accuracy of my meter appears to be just fine, and certainly adequate for my needs. The power and energy readings do seem to properly track devices with poor power factors, which is to say the energy is not just the RMS current measurement multiplied by the RMS voltage measurement.