Spring is in the air! After many chilly months, temperatures are finally rising in New York. With nature's rebirth usually comes a slew of happy occasions, like birthdays, baby showers, bridal showers, weddings, and anniversaries. Crista and I believe in investing in a one or two great party dresses at the start of each season -- dresses will look great now and in years to come. But how much of a splurge is too much? I ask this question as I compare RED Valentino's price-y Bow-Print Faille Dress (left, $695.00) to Kate Spade's slightlymorewallet-friendly BowTie Cora Dress(right, $398.00).