Wrong! Quality is the difference between using a tool over the course of your lifetime and having one that breaks on you after using it six times. Quality is also the difference between having a circular saw that provides you with accurate cuts when everything is lined up verses one where the frame is not properly aligned or is bent because the steel frame is too flimsy.
I've been down the cheap route already and learned my lesson. If I cannot afford a quality new tool I look for a quality used one.
OP, take a temporary step back and reevaluate. Look through the classifieds section of your newspaper and on places like Craigslist for quality used equipment. Believe me, quality used will last a lot longer and give you better results than cheap new.