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If you but cheap, you buy twice.
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.
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
Someone told me 25 years ago to buy a cheap set of tools, and then buy a good version of the ones that break. Many you'll never use enough to break or at all. But that fn 10mm socket, it's going to break and need a good one no matter what
What I've heard (fairly recently) is do not skimp on anything that goes between you and the ground: bed, shoes, office chair. I'd add carpet to that because my feet hurt standing on hardwood/vinyl/thin carpet and I often have to wear shoes indoors.
Hardwood is great, but you need to plan where you're hanging around. Area rugs are useful, and for dishes or cooking a good spongy mat is useful and looks nice
...and tyres. Good advice.