Home Improvement

There are 2 schools of thought, and both are situationally relevant.

Buy the 2nd last tool you will ever need.
IE, buy light duty. If it breaks and you've been using it a lot, you will likely know what features you want, how much to spend etc on the replacement. At which point you buy a more suitable tool.

Buy once, cry once.
If you are spending $200 on a tool, and the $300 is better, maybe just buy the $300 one.
Certainly more applicable to when you already use similar tools, and you need another.