A rich man (he's rich, but not wealthy: he lacks integrity and free time so he is only rich) uses a very old Nokia phone because he doesn't want to spend money on Smart phones.
Yet he drives new cars costing in excess of $30,000.
He's cheap on a small scale and elaborate on a big scale.
Go cheap where it matters.
You save $200 by avoiding an iPhone or a Samsung so you can use a Nokia brick phone from 1996 with 1G service. But yet you blow over $30,000 on a depreciating image-maker?
A lady once decreased her family food budget so low that it wasn't sufficient. Her children and spouse complained of hunger. She went cheap on food. And yet she had a $400 a month SUV payment.