With Christmas coming to a close it's time to focus our energy on the next major event, New Year's Eve. Specifically, what to wear on the most hyped day of the year. The bad news? Most of our bank accounts (myself included) are at an all time low due to all the goodies we've purchased over the last month to spoil friends, family and loved ones with thoughtful prezzies. The anatomy of a successful New Year's Eve outfit is simple, it needs to have drama, a wee bit of sex appeal and it needs to have at least one element of sparkle and shine. We've done our online shopping research and singled out these three outfits that hit all of the criteria above. The best part? Each outfit is under $50. Keep calm and shine on this New Year's Eve in one of these  brilliant—and affordable looks.   Heavy Metal We love this draped front multi-toned sequin frock from Canadian fast-fashion retailer, Dynamite. To give this outfit a bit more coverage we suggest adding a cropped moto jacket, opaque black tights and shooties (think pumps meets bootie) to ground the look. Sequin Wrap Dress, $49, dynamite.ca. Jump to it Not into dresses but looking for something with the same amount of sex appeal? For a fun evening look, try on this sleeveless sequin encrusted jumper from Vero Moda. The plunging neckline offers a flirty look, while the waist cinches in your figure for a flattering finish. Define the waist further with the addition of a gold belt and a black oversized clutch and pointy pumps. Vero Moda V neckline sleeveless sequin jumper, $41.40, thebay.com. Lady in Red If the thought of baring your legs in January sends shivers through your spine slip into a maxi dress. Look sexy and sophisticated in this sturdy red jersey number from H&M. It has an adjustable metal strap at the waist and a high slit at the front. Long red dress, $49, hm.com/ca.