2013 "Wardrobe Update, No Money" Challenge

I have decided that I need to use what I have and not to spend more money on clothes when I have a bunch in my closet.  I know that there have been a lot of challenges out there regarding wardrobes, but I decided to frame mine a little differently.  I have sewn or knitted many of the pieces in my closet, but I am tiring of some of them, and my style is changing a bit, and I am tiring of some of them.  Rather than just run out and sew some more, I have decided to take a new approach:

1. Look at what is in my closet, and decide what pieces I have that I like, and which ones need to go either to a used clothing store or to Goodwill or to be recycled into something new.
2. What pieces do I like, made of fabric I like, but having a style I don't like anymore or is out of date?  What can I do to update these pieces?
3. Are there some out of date pieces that just need a tweak here and there?  

Here are my rules:

1. Only buy minimal fabric or trims and accessories such as snaps or buttons as needed to update the look.
2. Use what is in my stash fabric wise wherever possible.
3. Spend no new money on fabric.  (I have a credit in the fabric store for winning a sewing contest, so I have about $100 or so left on the credit.)
4. Track all my expenses.

Every Friday I will present a piece of clothing and show what I have and what I plan to do to it.  Then I will see what I can do to update my closet!