Save or splurge: Wardrobe

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.

Hickey Freeman Barrett<br>solid navy suit | $1,350
Special-occasion men's suit
Hickey Freeman Barrett
solid navy suit | $1,350
Save or spend: Spend
"When you see a man in a suit looking like a million bucks, you're noticing the fineness of the fabric," says Karl Spilhaus, president of the Cashmere and Camelhair Manufacturers Institute.

Problem is, the finer the fabric, the less durable it becomes. It's an unavoidable trade-off.

The solution: Splurge on one or two high-quality suits for special occasions. Start with wool rated Super 180 and above (higher numbers indicate finer thread).

Spilhaus gives high marks to Hickey Freeman for handwork and fabric.

Everyday suit

Special suit

Diamonds

Pearls

Women's jeans
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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.