2012′s Hottest Fashion Trends: Look Good While You Save Big! It's a new year and you're probably making plans to make 2012 great. One way to do that is to look your best. This morning on "Good Morning America," Lori Bergamotto of Lucky magazine visited to give you the inside scoop about the must-have fashions that everyone will be wearing this year. We showed you three pairs of models wearing similar looks - one the splurge, and the other, the budget-friendly save. So you'll be able to look as good as the model wearing the expensive look, but at a fraction of the cost. The Trend: Vibrant Colored Pants Bergamotto advised pairing the pants with a white button-down shirt, classic jewelry and a handbag. Get the Look: The Splurge St. John Red Pant, $395, Neiman Marcus, St. John white button down shirt, $395, Neiman Marcus GEORGE GINA &LUCY Black "Stanna" tote, $395, george-gina-lucy.com Robert Lee Morris gold cuff, $675, robertleemorrisgallery.com Milk and Honey strappy sandal, Approx $240, www.milkandhoneyshoes.com Total: $2,100 Get the Look: The Save Express Red Pant, $69.90, express.com Uniqlo white button down shirt, $29.90, Uniqlo stores H & M black tote, $49.90, hm.com H & M gold bangle, $5.90; hm.com MICHAEL Michael Kors strappy nude sandal, $98, www.piperlime.com Total: $253.60 The Trend: Denim Blazer Bergamotto said it's a very basic look that may be paired with a black pencil skirt and a lacey top. Tibi denim blazer, $495, www.tibi.com Temperly "Aphrodite" white top with lace yoke, $550, shopbop.com Rachel Roy black pencil skirt, $265 Hyden Yoo brown leather bag, 296, hydenyoo.com Hamilton diamond studs, $695, hamiltonjewelers.com Total: $2,301 H &M denim blazer, $29.90 J. Crew white top with lace yoke, $58, jcrew.com RACHEL by Rachel Roy black pencil skirt, $89 Lulu's brown leather bag, $64 Afaze faux diamond earrings, $7; afaze.com Total: $247.90 The Trend: Leather Shorts Bergamotto said this was a very fashion-forward look. Tibi tan leather short, $550; netaporter.com Falke tights, $59; shopbop.com St. John navy ribbed turtleneck 495, Bloomingdales.com Hamilton 18K gold link bracelet, $1395; hamiltonjewelers.com DITA "Savoy" sunglasses, $295, ditalegends.com J.Crew MacAllistar desert boot, $198, jcrew.com ZSpoke by Zac Posen red bag, $425, bloomingdales.com Falke Tights - $69.90, saksfifthavenue.com Total: $3,486.90 Lucca Couture faux leather short, $69.00; urbanoutfitters.com Kushyfoot tights, $4.90; drugstores Zara navy turtleneck, $35; zara.com Privileged goldtone chain bracelet, $60; maxandchloe.com Urban Outfitters sunglasses, $18; urbanoutfitters.com Lulu's Red Bag; $41; lulus.com Big Budda desert boot, $69.95, zappos.com Total: $297.85