My Dad always said “you get what you pay for”, and he insisted on the best quality although he didn’t buy much. He still had an old WWII woolen army sweater well into the eighties, and he loved how warm it was and how the great quality wool held up over the years. His theory was that if you get things that last and you use them a lot, you can buy much less. If you buy cheap and it falls apart quickly, it’s wasted money.
I tend to follow his lead and when we bought our first house, I remember going to the library to look at old Consumer Reports, so that if I bought anything for our home I could get things with the highest ratings.