Cheap vs. Affordable- Where I Draw the LINE!

I was thinking of writing and rambling on one issue- it's cheap vs. affordable.  Here are the definitions:

Cheap:

• Relatively low in cost
• Charging low prices
• Obtainable at low interest
• Achieved with little effort
• Small value
• Poor quality
• Worthy of no respect
• Stingy

Affordable:

• Being with the financial means of most people
• Costing little

So there are cheap vs. affordable goods and services.  The difference is this- cheap goods and services are inferior in quality so they cost LESS than usual, affordable goods cost less but not less than usual because they are offered still at a high price (to a certain extent) while it can't be considered as expensive.  I certainly look for affordable services but NOT cheap.  I would not want to hire CHEAP repairmen because it would mean a job not well done vs. the affordable services where it may cost more (but much less than overrated pricing) but the value is WORTH it.  This is quite an opposition to the Krusty Krabs Philosophy of avoiding spending at all costs or the Pearl Krabs philosophy of being overly extravagant.