Lemondrop

This post comes from one of our favorite frugal fashionistas, The Budget Babe. Be sure to bookmark her site to keep up on how to look to rock the latest trends without breaking the bank. (Because, really, who needs to spend $150 on ankle boots that you'll only wear this fall?)

Stretch your holiday party budget by taking a basic frock and making it winter-ready. With the right accessories and layers, you'll be able to wear your favorite LBD year-round.

1. Tights. When the wind starts to blow, it's time to start wearing tights. Thick, opaque and knit styles will help you get more mileage from your dresses.

Example: Betsey Johnson Leopard Tights, $28 -- Urban Outfitters 2. Turtlenecks. One of the simplest ways to take a summer dress into winter is by simply layering it over a fitted turtleneck. Smart and stylish!

Example: Simply Vera Vera Wang Ribbed Turtleneck Sweater, $24.99 -- Kohl's

3. Fur Stole. A single accessory like a fur stole can transform a simple dress into a party look while keeping your shoulders covered and warm.

Example: Faux Fur Stole, $75 -- Ann Taylor 4. Over-the-knee boot. With most of your legs covered, you're practically wearing pants! Add tights and a cardigan, and you've got yourself a winter-ready look with attitude to boot.

Example: Suede Over-the-Knee Boots, $42.99 -- Charlotte Russe 5. A Shrug. Add interest and stave off the cold by tossing on a shrug over a summer dress. Pick a substantial fabric that's warm but not itchy against bare arms for the most versatility.

Example: Femme for DKNY Sweater, Cocoon Shrug, $59 -- Macy's 6. Statement jacket. A dress will read like a skirt if you top it with a pretty jacket that you can wear indoors. Layer your dress over a long-sleeve tee for extra warmth since no one will see the hidden top anyway.

Example: Suede Grommet Jacket, $47.80 -- Forever 21 7. Arm warmers. Never underestimate the power of arm warmers for keeping limbs comfortable while adding a substantial amount of style. Pop these on with any sleeveless or short-sleeve dress to keep frostbite at bay.

Example: Super Long Sleeve, $19.95 -- Free People 8. Blanket scarf. True to its name, a blanket scarf keeps you wrapped in its oversize warmth but can also be tied like a traditional scarf. Unlike a Snuggie, you can wear one with a lightweight dress to make it hot.

Example: Plaid blanket scarf, $24.50 -- Gap 9. Cardigan sweater. A classic cardi is an obvious way to winterize a dress. Take a fresh approach by belting a flyaway cardigan atop a frock instead.

Example: Cap-Sleeve Flyaway Cardigan, $49.50 -- Express 10: A poncho sweater. Swath yourself in the warmth and luxury of a poncho. No, not that Tex-Mex mess from Spring Break '98, but a modern, updated one that reads more like a sweater.

Example: Michael Michael Kors Poncho Sweater, $119.50 -- Bloomingdale's