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The Cupcakes and Cashmere Holiday Survival Guide: One Key Piece

Helmed by former magazine editor Emily Schuman, cupcakesandcashmere.com is an online photo diary of everything Schuman buys and everywhere she shops. This week, she'll be sharing her holiday fashion and shopping tips on Lucky Right Now.

No matter how you spin it, the holidays are expensive. You're attending parties, buying gifts, and hitting up sales--it all adds up very quickly. For the past few years, I've followed the same strategy of investing in one key piece and then dressing it up in different ways for various occasions. I found Vena Cava's fringe skirt at Barneys recently (on sale) and fell for its flattering waistline and festive sparkle. Here's how I wore the same skirt in three different ways.

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