The pool noodle is going to disintegrate at some point. Other than that, no. I used a camping strap for a long time since my gym had no belt and I had to pack light - even that worked well up to 60lbs or so. Judo belts are another alternative.
Keep in mind that the really pricy ones are built to be used in a gym setting, so multiple times every single day. If you are the only one using your equipment, it will suffer a lot less abuse.