Splurge or Steal: Hottest Fall Fashion Trends

The cooler days of fall are here, but they don't have to put a damper on your fashion sense.

Kate Dimmock, fashion director of People StyleWatch, appeared on "Good Morning America" today to discuss three of the hot trends for the season: the sweater skirt, tuxedo pants and leather skirts.

She presented two of each item - one for top dollar, and the other, the look for the woman who wants to be fashionable without breaking the bank. See how the Splurge and Save looks stack up:

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The Sweater Skirt

Sweater skirts add warmth and softness to your wardrobe, and are available in a variety of blends, fabrics and shapes.

The Splurge

M Missoni mesh knit sweater skirt, $595; forwardbyelysewalker.com

Rebecca Taylor embellished tee, $325; rebeccataylor.com

Jean-Michel Cazabat pump, $360; at Jean-Michel Cazabat NYC

The Save

Catherine Malandrino for Design Nation, textured knit skirt, $50; at Kohl's

Catherine Malandrino for Design Nation ponte top, $48; at Kohl's

Shoe Cult by Nasty Gal platform pump, $78; nastygal.com

Tuxedo Pants

It's the classic look that's been updated for the fall.

The Splurge

Rebecca Taylor pant, $325; rebeccataylor.com

Calvin Klein top, $59.50; calvinklein.com

Schutz cap toe pump, $200; schutz-shoes.com

The Save

3.1 Phillip Lim for Target tuxedo pant, $39.99; target.com

Mango top, $39.99; mango.com

Shoe Dazzle shoe, $49.95; shoedazzle.com

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The Leather Skirt

This look is hip, chic and luxurious, and it's available in a range of brands and prices.

The Splurge

Alice and Olivia leather skirt, $495; aliceandolivia.com

Rebecca Taylor top, $325; rebeccataylor.com

Chelsea Paris suede pump, $495; chelseaparis.com

The Save

Tinley Road pleated vegan leather skirt, $69; piperlime.com

H&M Top, $39.95; at H&M

3.1 Phillip Lim for Target bag, $34.99; target.com

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