Save or splurge: The kitchen

To get the most for your money, you need to know two things: when the good stuff is worth paying extra for and when the economy choice is plenty good enough.

Hamilton Beach ChefPrep<br>food processor 70610 | $50
Food processor
Hamilton Beach ChefPrep
food processor 70610 | $50
Save or spend: Save
You could pay several hundred dollars for a top-of-the-line model, but Mark Bittman, author of "The Minimalist" column in the New York Times and the bestselling cookbook "How to Cook Everything," asks why.

"A cheaper machine will do the job just fine." The pricier processors do have mightier motors, but you don't need that power, he says.

A "value brand" (like Black & Decker, Hamilton Beach or Oster) with a 10-cup capacity will do well by home cooks, besting even the toughest vegetable.

This Hamilton Beach model can slice, shred or chop, and the bowl and the blade are dishwasher-safe to boot.

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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.