Usually in the array of items from which we are choosing, there is a "sweet spot," where you receive great value and utility for a very reasonable price. For instance, Mora knives, at something like $15 or so, do everything that a $200 (and up) item will provide IMHO.

On the other hand, there are times when one needs to spend real money. Years ago, I got out of the military and purchased fundamental outdoor gear. i had to spend $100 for a down sleeping bag, which was a huge sum in those days, but the baag was warm, light, and very well made. I used it for the next twenty years, in some very cold situations (well below zero) until it was stolen. In retrospect, it was a fantastic bargain.

Shop carefully, and acquire the knowledge and skills along with the gear. All are critical for being well equipped.