I don’t subscribe to the ‘buy it once and use it for life’ approach. I follow a modified version of this philosophy — preferring to use a free IKEA Allen wrench and solve a two-minute job with relative ease than buy an entire set of all the different configurations which will set me back half a rack. Why bother with an expensive tool when you can skirt by with just the essentials? If you ever end up using the item multiple times (read: more than once) and absolutely NEED something sturdier - have at it.
The notion of constant improvement and upgrades, whether it’s in the case of getting the next new iPhone year-on-year instead of a biennial jump, or upgrading tools from low to mid to eventually high quality baffles me.
Use the right tools for the job and don’t waste your time — simplification is key.