I've heard this out two ways:

Buy nice or buy twice

And when paying for the more expensive

Buy once cry once

I've heard this too and it's true, but also you don't want to needlessly spend on things either. For example, a good bed is worth the cost, the saying holds up. However, if you buy the pro version of every tool you'll go broke. You can instead buy the cheap one first, anything you use enough where it would break is then worth buying the expensive one

It's mostly true, but not true often enough that makes it worth to buy cheap (and possibly twice), hoping for the lucky inexpensive quality item, then to buy nice, hoping you won't have to buy it twice anyway cause it was just overpriced.

Also agree on what others suggested: buy cheap first, then if it breaks, buy quality.

That's why we are all plastic.

You use this a lot nicerdicer?