Are you a frugal fashionista who can't live without the latest "It" brands? Then don't discredit clothing exchange stores such as Brooklyn-based Beacon's Closet. Looking to trade in your closet castoffs for something cooler? If you donate clothing, Beacon's Closet will offer you 35% of the total - they add up the total amount of all the items you bring in and you get 35% of that price. OR... you can accept 55% of that total in store credit. You'll find the best assortment at Beacon's Closet every Monday, which is when all the weekend deliveries get sorted out. Break the piggy bank with a party dress by J. Mendel, which once retailed for a steep $2,900 but can now be yours for a cool $149.95. Other standouts: the sheer Mint blouse seen here ($34.95), a fitted leather Diesel motorcycle jacket ($149.95, seen here) and a silk print Fendi dress ($124.95). Check out BeaconsCloset.com to see for yourself.