Its time again to take inventory of your closet and get organized! This is one huge way to save money in 2009. If you don't know what you have, you don't know what you need. If you know exactly how many black turtlenecks you own, you won't buy three more just because they're on sale.
Organize a clothes exchange with your friends. Bring everything that doesn't fit or doesn't suit you and have your friends do the same. You'll come home with new outfits without spending a dime.