Before setting foot in a store, Gunn says to shop your own closet. "People are delving into the back of their closet and pulling out items they haven't seen in a long time, so people tend to not be investing in apparel these days," he says.
Instead of buying something new, think about spending part of your budget on tailoring clothes you already own. "For most of us, we just can't wear things off the rack," Gunn says. "Those of us who can are very fortunate and in a minority, frankly." Send them to a dry cleaner, a friend or pull your own Project Runway and learn how to sew. "But even I hate hemming pants, so I send them out," Gunn says.
To enliven a well-worn outfit, indulge in fun jewelry like a statement-making necklace, bracelet or cocktail ring. "You don't have to spend more than $30 or $20," he says. "I just find with most women that a new accessory just perks them up, improves their morale, and they feel as though they have an item that they can wear with lots of different outfits and to different occasions."