It’s time for another PFC! The challenge entries have gotten better every time, I can’t wait to see what everyone has come up with this time around…the third challenge asked us to recreate a look by our favorite celebrity and do it on a budget.

For those of you who missed the previous challenges, here’s the link to the first one (hosted by PAG of Extra Petite) and the second (hosted by Kelly of Alterations Needed).

I spent a lot of time looking for inspiration for this challenge because oftentimes when I see something I liked a lot on a starlet or in a magazine I eventually track it down and buy it BUT we are supposed to find a budget item so I had to rule out a lot of my pieces.

My inspiration is Blair Waldorf from Gossip Girl (I know…overdone), I really like her style (or rather, the stylists who work hard to dress her) – it’s simple yet elegant, preppy but mature and colorful without being too busy.

The look I am emulating is a pretty simple one: solid-colored peplum dress, lots of pearls, and Blair’s signature headband.

Dress: BB Dakota in size 0 (similar here and here)

Shoes: Modern Vintage Elettra Slingback Pumps in 7

Headband: Forever 21 (sorry about my hair, it’s a total mess that can’t be tamed)

Bracelet: TJMaxx for under $50 (similar here)

Necklace: forgot the source, but definitely under $100 (similar here)

Blair (Leighton Meester) is wearing Victoria Beckham’s Carmontelle dress – a cashmere-blend dress that sold out in nearly every size at $3,145. There is no doubt that this a really flattering dress, VB knows dresses like the back of her hand but I personally wouldn’t pay this much for a dress when I can invest it in another Chanel. I am wearing a BB Dakota dress that I got for under $20 (the red version of this dress..which looks like a shorter version of the VB original…retails for $80 and can be found here and here).

I can’t wait to read everyone else’s entry. I have a feeling this is going to be a well participated challenge.