Meaning of the word "the poor man pays twice" in English

What does "the poor man pays twice" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

the poor man pays twice

US /ðə pʊr mæn peɪz twaɪs/
UK /ðə pɔː mæn peɪz twaɪs/
"the poor man pays twice" picture

Idiom

buying cheap, low-quality items often results in spending more in the long run because they break and must be replaced

Example:
I bought a cheap umbrella that broke in the first storm; truly, the poor man pays twice.
Invest in good tools because the poor man pays twice.