Save or splurge: Leisure stuff

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.

Callaway FT-3 | $299
Driver
Callaway FT-3 | $299
Save or spend: Save
Every year club manufacturers come out with new drivers, but you should resist the urge to buy the latest one.

Because of the quick product cycle, "we're approaching the limits of nature," says Frank Thomas, former technical director of the U.S. Golf Association.

Take this as evidence: Golf Test USA, a leading independent reviewer, tested last year's Callaway driver (the FT-3) and this year's (the FT-5) and found, on average, no noticeable difference in terms of drive length.

Meanwhile, the FT-5 sells for $535; the similar titanium-faced FT-3 goes for less than $300.

Driver

Golf balls

Grill

Bike

Treadmill

Drill
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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.