I agree that some high quality tools are required to not escalate your problem, but I like the incremental purchase methodology for most tools.
Buying cheap (good enough) allows you to figure out what tools you actually need to upgrade on. I had a lot of pain in my high school days fixing a beater car which required me to purchase some higher end socket sets. You learn from some of those stripped bolts which tools to upgrade, but you don't want a whole garage full of high quality tools you don't really use.
If you have a stable hobby, buy quality first, and maybe build up inventory when you can so you don't have to make frequent trips.
If you don't and you just want to do some odd things spanning multiple trades, buy cheap and upgrade if you rely on them frequently.
Buying cheap (good enough) allows you to figure out what tools you actually need to upgrade on. I had a lot of pain in my high school days fixing a beater car which required me to purchase some higher end socket sets. You learn from some of those stripped bolts which tools to upgrade, but you don't want a whole garage full of high quality tools you don't really use.
If you have a stable hobby, buy quality first, and maybe build up inventory when you can so you don't have to make frequent trips.
If you don't and you just want to do some odd things spanning multiple trades, buy cheap and upgrade if you rely on them frequently.