Term to describe the purchasing of an expensive item, of excellent quality. Implies that the owner will, initially, have reservations or guilt for buying such an expensive item; however, the owner soon realizes they will only have to purchase the item once. Owing to its craftsmanship and durability, the item will have a long lifespan.
Bob: "Dude, this iPhonecase cost me $200! It's made from Italian leather and handcrafted in Eastern Europe, though..."
To begrudgingly spend money on an item of higher quality or containing more features to prevent yourself from having to buy something else in the future to enhance or replace your original purchase.
"I could buy this cheap gaming computer, or spend a bit more money to buy the one that is more future-proof. Buy once cry once! "
Fogey/fogy /fougi/ sl. (early 18C+, orig. Scot) old-fashioned, stuck-in-the mud.
Person with old fashioned ideas which he is unwilling to change: Come to the disco and stop being such an old fogey!
You think me an old fogeyand an old tory, his thoughtful voice said. I saw three generations since O’Connel’s time. I remember the famine. Do you know that the orange lodges agitated for repeal of the union twenty years before O’Connel did or before the prelates of your communion denounced him as a demagogue? You fenians forget some things. (James Joyce, Ulysses. Penguin Books,1992. p. 38)