Several members have talked about these sections of their wardrobe, and I'm curious as to how you define these terms. Staysfit in particular considers her wardrobe to be basics, essentials and statement items. I like categories and find them really useful in all aspects of my life. Statement seems obvious to me, but what would you consider:

Basics

Essentials

How is color, style, and trend a part of the division? Do you even separate these two categories when you consider your closet? Where do shoes and accessories fit in? Is there some kind of optimum balance among the three categories?