When to update jQuery?

Question

When you recommend updating jQuery/jQuery UI? Or in other words: what are the best practices for updating jQuery/jQuery UI?

I’m working on a long project that will take at least one more year. In that time span, I’m sure that jQuery/jQuery UI will be updated many times.

Do you recommend update my jQuery/jQuery UI files every time an update is released? Or is better to stick with a particular version until the end of the project?

I’m afraid of “breaking” code changes, and every time an update is released, I have to test everything. That takes too much time. But on the other hand, if I didn’t update, I’m afraid of bugs that later will bite me in the rear.

The project is an ASP.MVC and I use jQuery a lot.

Any thoughts?