Credit: Christopher Peterson/

One of the must have items that seems to be on every editor and celebrity wish list this season is the military jacket.

I love this one from the Lourdes Leon collection, which you can find via Material Girl at Macy’s. It’s chic ($38!) and cheap and cheerful.

To get Olivia Palermo's casual-cool style, try these tips. Mix with leopard printed scarves, bags, or shoes. Sequins work well with olive, as well. Dress it up with a slim skirt, belt the waist and add a pointy toe heel. Dressing down gets a feminine chiffon blouse or flowy top, jeans, leggings or shorts.

By Sasha Charnin Morrison for To read more of the Recessionista blog, click here.