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When it comes to fashion week, there are ways to get the look without going for broke.

Just ask Olivia Palermo , street-style star and a NYFW veteran.

"I always say it's really about proportions," the fashion expert told E! News. "Find a great tailor or your local dry cleaner. Play with different textures and patterns."

The Banana Republic global style ambassador shared three ways to mix high fashion with low-end pieces for an entirely elevated look. Watch the video above to learn her savvy tips.

ESC: Olivia Palermo, Banana Republic

Banana Republic

For example, Olivia layered a $148 Banana Republic red dress over a classic black turtleneck you probably already have in your closet. Top it off with a leather jacket or motorcycle boots and a thick, leather belt and you'll be sure to make a statement.

The takeaway: Buy one statement piece and accessorize it with what you already own. "Shop your closet," advised the pro.

ESC: Olivia Palermo, Banana Republic

Banana Republic

When in doubt, Olivia's everyday uniform—cropped leather trousers, a cashmere sweater, sneakers and a statement jacket—won't do you wrong.

Follow us on Instagram and Snapchat at @StyleCollective for exclusive behind-the-scenes footage and live updates from New York Fashion Week!