This advice was given to me by the most elegant, polished woman I know. She's 52 and married to a hedge fund manager so I realize our lifestyles are somewhat different (understatement of the year). But she said that the biggest lesson she'd like to pass on is that when she was a working young woman, she should have saved her money for jewelry. She advises just a few very basic pieces worn over and over again, and putting the money you otherwise would have spent on clothes into her jewelry. Does anyone follow this philosophy? Just curious.