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.

7 For All Mankind Erin Trouser | $172
Women's jeans
7 For All Mankind Erin Trouser | $172
Save or spend: Spend
Pricier jeans tend to use premium denim, which is heavy, tightly woven and often imported from Italy or Japan.

Jeans made of this fabric lift and hug your body better, "like an old-fashioned girdle," says Jason Meyer, co-owner of Detour, a denim store in Milwaukee.

Often the fabric is brushed for softness and prewashed and stretched to curb shrinkage.

Companies using this type of denim - Citizens of Humanity, Paige Premium Denim and 7 for All Mankind among them - tend to be meticulous with other details, using heavier-gauge stitching and nickel hardware (rather than lead, which corrodes), Meyer adds.

Indeed, you'll pay for all this work; 7's jeans are $100 and up. So keep your fancy denims looking new by buying a darker wash, washing them inside out and skipping the dryer.

Everyday suit

Special suit

Diamonds

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Women's jeans
The office If you're going to take your work home, shell out for a decent seat. (more)
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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.