The Deal: Shop clearance clothing & shoes at Overstock.com

The Lowdown:There’s several reasons why you need a classic trench coat, like the fact that you can wear it year around (which is why I listed it in my Perfect Ten Closet Must-Haves) and that it can be worn both for work and for play. You want to focus on finding a trench that is lined (a removable wool lining is a plus), with classic clean lines (no puckering at the seams), and fabric that is fairly wrinkle resistance (ever tried ironing a trench? Not fun). Here’s our top picks for trenches on a budget.

Shop: Trench coats at Overstock.com

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