Carson Kressley's Budget-Friendly Ways to Dress Like a Star

PHOTO: Fashion guru Carson Kressley appeared on "Good Morning America" to show how to achieve celebrity looks for less.PlayAP Photo/Getty Images
WATCH Carson Kressley's Celebrity Looks for Less

There is no better way to ring in the New Year than by looking your best, something celebrities know well.

Stars like Jennifer Lopez, Jennifer Aniston, First Lady Michelle Obama and Kate Middleton will not only look stylish when the ball drops at midnight this New Year's Eve, but they'll keep up their red-carpet looks all year long.

How can you achieve their A-list style without blowing your budget for the entire New Year?

Click HERE for 12 Ways to Celebrate 2012 On a Budget

Fashion guru Carson Kressley appeared on "Good Morning America" today with the must-have fashion items and tips you need to dress like your favorite celebs, without spending big bucks.

Jennifer Aniston's Casual Cool

Kressley achieved actress Jennifer Aniston's signature casual look for under $200 by pairing clothes from Joe Fresh with a hat from Forever 21.

Joe Fresh: Jeans, $49

Joe Fresh: Sweater, $29

Joe Fresh: Boots, $79

Forever 21: Fedora, $12.50

Grand Total: $169.50

Jennifer Lopez's Glittering Glamour

Superstar singer Jennifer Lopez no doubt spent thousands to achieve this red-carpet look she wore to the 2011 Grammys, but Kressley pulled it together for just over $60 at Forever 21.

Forever 21: Dress, $22.80

Forever 21: Stiletto, $22.80

Forever 21: Clutch, $14.80

Grand Total: $60.40

Michelle Obama's Sophisticated Style

A look worthy of the White House doesn't have to break your bank. Kressley paired a dress from British retailer Topshop with accessories from Forever 21 to achieve First Lady Michelle Obama's look for a fraction of the price.

Topshop: Dress, $100

Forever 21: Earrings, $3.80

Forever 21: Heels, $27.80

Grand Total: $131.60

Kate Middleton's Royal Romanticism

Kate Middleton has become such a fashion icon that retailers call her effect on business "the duchess effect." Fortunately for those who love her look but don't have a royal budget, the Duchess of Cambridge is as much a fan of everyday retailers like Topshop and Reiss as she is of couture design. Kressley recreated the royal's professional, yet trendy look with a dress from Topshop and heels and earrings from Forever 21.

Topshop: Dress, $100

Forever 21: Earrings, $3.80

Forever 21: Heels, $27.80

Grand Total: $131.60