So, a few years ago when I first built a system, I was super strapped for cash. I picked up some awful Dynex PSU on sale for, I shit you not, $8. I was also building my computer at the same time as my friend. We went with virtually the same hardware. Thankfully, the PSU never failed for me. After a few months, I upgraded from my super budget hardware and got a new mobo and a 80+ certified PSU. I'm so lucky it didn't blow up on me.
My friend is still using that PSU. I've told him to get a new one. I'm waiting for the day it dies and takes the rest of his system with him.