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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.

One-carat round cut H, SI2 diamond | About $5,000
Diamonds
One-carat round cut H, SI2 diamond | About $5,000
Save or spend: Save
You don't have to go broke buying the highest-grade diamonds. This bling is rated on cut, carat, color and clarity.

While the first two are a matter of preference, color is graded alphabetically from D (colorless) to Z (yellow), and clarity follows a scale of 11, starting with FL for "flawless."

You can drop to an H in color and SI2 in clarity - the eighth category - and the flaws will be unnoticeable to the naked eye, says Helena Krodel of the Jewelry Information Center. And you'll save 75 percent off top quality.

Everyday suit

Special suit

Diamonds

Pearls

Women's jeans
The office If you're going to take your work home, shell out for a decent seat. (more)
Leisure stuff Don't handicap your wallet by paying too much for the latest gear. (more)
The kitchen Bring home the bacon and fry it up in a stainless steel, aluminum-core pan (more)
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