Katie Holmes’ new short ‘do has captured all the media attention lately (and it is pretty darn cute) but we’re still sort of increasingly enamoured with her style—she seems to always hit the right balance of ease and chic. This look caught our attention mostly for the high-waisted wide-leg pant, which takes the jeans-and-t-shirt combo to the next level. We’ve put some budget pieces together so you can look this good running around town, but one note: finding a navy short sleeve cardigan on the cheap turned out to be harder than getting Suri off the bottle, so we’ve substituted classic black. If anyone has a lead on the navy cardigan for less, we’re all ears . . .