There are only a few pieces that can truly lay claim to the phrase "wardrobe essential." Along with jeans and sneakers, tank tops definitely fall into the category of basics everyone should own. I don't blame you if you want to invest in a designer version à la Katie Holmes's viral cashmere tank moment, but this one goes out to all the budget shoppers out there.
So how far can you stretch $40 when it comes to tank tops? There is a huge variety of styles available, from fitted going-out tanks to easygoing crop tops for working from home. To provide a bit of outfit inspiration, I also rounded up some well-dressed It girls who can show you how to style each tank. Scroll down to shop the 22 best tank tops under $40 organized by silhouette.