Frugal Fashion: Selena Gomez inspires New Year's Eve party dress

SelenaIt may be hard to believe, but 2012 is just around the corner. The passing year was full of big momentsin the fashion world (Kate Middleton's royal wedding dress and John Galliano's gaffe to name a few) and a slew of unforgettable trends.

PHOTOS: Top fashion moments of 2011

Some fashionistas may already be looking ahead, planning their 2012 spring wardrobes, but there is still one event left this year that will require a bit of styling.

Finding the perfect New Year's Eve dress can be a challenge. If you're anything like me, you've had your eye on a couple of options since October. It's what you'll wear to ring in the new year, boogie down on the dance floor and have on for a magical new year's kiss. This type of occasion calls for something beyond fabulous, but definitely within your budget.

For style inspiration, we took a look at a dress Selena Gomez recently wore to an awards gala. The pop princess shone in a one-shoulder ruched silver mini and simple black heels. The one-shoulder silhouette is playful and elegant, perfect for New Year's Eve.

We f ound some one-shoulder dress options for the big night for under $100. For a dress almost identical to Selena's get the Matelasse one shoulder dress from Forever21.com for $27.80. Other party-ready options include the Asos one shoulder dress with sequin sleevefor $72.72 from Asos.com, Disco Queen dress in silverfor $98 from Nastygal.com or the BCBGeneration dressfrom Macys.com for $99.99.

Selenagomezdresses

FfselenabangleTo accessorize, try a cocktail ring, and some bangles. The chunky round studded bangle braceletsfrom Urbanoutfitters.com for $24 will make a great addition to any party dress.

Strap on a pair of your favorite dancing shoes and you're ready for the new year.

Happy holidays and happy shopping!

Have an outfit you're dying to buy but need a frugal alternative? Email us a picture. We're up for the challenge.

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-- Jenn HarrisTwitter.com/jenn_harris_

Photo: Singer/actress Selena Gomez attends the Fulfillment Fund's "2011 Stars Gala" held at the Beverly Hilton Hotel on Nov. 1 in Beverly Hills. Credit: Jason Merritt /Getty Images.

Dress photos, from left: Matelasse one shoulder dress, $27.80 / Forever21.com; Asos one shoulder dress with sequin sleeve, $72.72 / Asos.com; Disco Queen dress in silver, $98 / Nastygal.com; BCBGeneration dress, $99.99 / Macys.com.

Bottom photo: Chunky round studded bangle bracelets, $24 / Urbanoutfitters.com.