For me actually the other way Around. There is a saying in Spain that says "el pobre siempre paga dos veces" that translates as "the poor always pays twice".
It refers to the fact that you buy something cheap that barely covers the need and after it breaks you are forced to buy the good one. This is specially important for hand tools or similar.
In my opinion, for using it a couple times is better renting/asking someone to let you use theirs. For several uses it is almost always better paying more for a better use and higher resell value.
That might be the perfect example for what I said. You have bought a cheap product that you ended up liking and when it tears up you are paying literally twice for the same product.
It is not that tou took a bad decision or that the buying twice applies to everyone everywhere and everything, it just says you are in fact paying twice for the same thing while some research might have saved that.
Don't take me wrong, this is not criticism, I've done it a thousand times but in my experience, for something I consider might REALLY need, get the good (not the best) option first.