I think this outfit is a bit too casual for a red carpet, but it would be fabulous for a day of running errands or having lunch with friends. At least Miley is dressing age-appropriate instead of trashy like a lot of other young stars.

Here's the frugal version of her outfit.

Buy now:
White Tunic from Go Jane $17.99
Black Skinny Jeans from Forever 21 $24.50
Camel Suede Boots from Alloy $14.99