There's no denying the current economic crisis. That said, I've been trying my best to save money and cut back on everything — even shopping. Times like these make me envy the lifestyles of the rich and famous, but even they aren't immune to this problem. At New York Fashion Week, Hollywood girls Michelle Trachtenberg, Jessica Stroup, and Nicky Hilton dished on how they've been cutting back on their spending habits.

Michelle Trachtenberg

  • Michelle likes to mix H&M and Target into her wardrobe. “I have always kept in mind that my fans are teenagers and they don’t have a lot of money to spend. They like to get looks for less.”
  • Jessica Stroup

  • Jessica claims she has “always been a bit frugal.” The actress likes to reinvent her old pieces and is always on the lookout for sales.
  • Nicky Hilton

  • Even the heiress is getting more money savvy. “I’m being smarter about my spending. I’m not going into stores and buying anything. I am buying more pieces instead of just a bunch of clothes.”