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.

All-Clad stainless seven-piece set (only at Macy 's) | $419
Pots and Pans
All-Clad stainless seven-piece set (only at Macy 's) | $419
Save or spend: Spend
A good set should last a lifetime, at least. To get this kind of quality, look for materials like 18/10 stainless steel (with or without copper core) or enameled cast iron.

These are durable, they're good at conducting heat, and they clean up well, which in combination can't be said of the alternatives. (All-copper is more expensive but hard to clean; aluminum is cheaper but less sturdy.)

You'll spend a lot on this type of cookware - $300-plus for a set - but you shouldn't ever pay full price. Department stores have sales of 10 percent to 50 percent off, with the best often around the holidays.

And you really need only a few pieces, like the sauté pan, stockpot, saucepan, frying pan and lids that come in this All-Clad set.

Refrigerator

Microwave

Pepper Mill

Knives

Cabinets

Disposal

Processor

Pots and pans
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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.