I will be the first to admit that I have expensive taste. I like nice things, who doesn't?
But it's important for me to tell you that you don't need a massive budget to look and feel your best. You might have to be more picky when it comes to what you buy (especially if you value quality), but it's not impossible.
My dress and vest together were under $50. Actually, add the bracelet in there too.
Cost doesn't put the value in an item as far as I'm concerned. I'm pleasantly surprised with both this dress and vest, and I'm always thrilled to find good accessories on sale. Clothing, especially more trendy items, are almost disposable compared to accessories. If I were to prioritize, I'd spend more on accessories and shoes, and shop clothing at lower priced stores (Old Navy, for example), on sale (I love stores like the Rack or Off 5th, which are clearance stores for higher end department stores), consignment (great quality items at a discount or often trade value), or eBay (search for particular items you love at reduced prices).
How about you? Do you feel like there is a direct connection between how much you spend on something and how it makes you look and feel?