Not necessarily, it might just be you have a less than decent PSU right now that crapped out early. Do you happen to know what brand or model name it is?
Either way I would recommend getting something like this and testing it out.
https://www.amazon.com/Cooler-Master-Elite-Long-Lasting-Electrical/dp/B00I5VSWAQ I was recommend this psu as a decent one but I was wondering if there is a semi modular/modular one within $10 of the one that is linked?
Like this one? Cooler Master Elite V2 - 550W Long-Lasting Power Supply with Full Electrical Protection (OVP/UVP/OPP/OCP/SCP) https://www.amazon.ca/dp/B00I5VSWAQ/ref=cm_sw_r_cp_apa_kHwoxbZBJS1RC