Idea: Buying something cheap will save you money.
Reality: It will break faster, meaning you'll need to spend MORE money and TIME to replace it, which might I add, isn't very convenient. Also you're sacrificing better features, ease of use, and quality.
Off brands only stay in business because they have people buying their products over and over, thinking they're getting a "good deal". With that steady cash flow they can keep creating cheap products. Not to mention over time they're getting more money from you! There will never be a shortage of buyers wanting the lowest price. The selling price of an item should never sell you on buying it.
Example: $397 washer only lasts 4 yrs, thats $99.25 a year, compared to a $697 washer that lasts 10 yrs, thats $69.70 a year. For $300 more you are getting 6 more years, saving yourself the time it would take to go get another, and the additional $397 to replace. Oh and the higher priced item will wash your clothes better and is bigger. Price and cost of $697 for 10ys: $697. Price and cost of $397 for 10 yrs: $794 and in 2 more years you'll be spending another $397.
Overtime you will be making more trips and spending more money buying and replacing cheap products. How valuable is your time to you? Some people would say "well it's priceless!" On average shopping for a new appliance can take anywhere from 1hr to a whole day, depending if you want to "shop around". That's a day you could have spent with family doing something you enjoy! Truth.