I generally try to buy the best quality I can afford the first go around, regardless of how many times I’ll use it. Nothing irks me more than trying to use a cheapy whatever and having to work around sloppy build and tolerances.
That being said, will buy cheap stuff when I’m using the tool for anything other than it’s intended use. Screwdrivers for prybars, hacked up sockets, drywall scrapers for… everything scrapers, ect. .