First Lady Michelle Obama may a fashion icon but she rocks bargain apparel just like you and I!

Mrs. Obama appeared on the “Today” show where she discussed a number of issues, including President Obama’s job performance, how he kicked the smoking habit and whether her husband dyes his grey hair. She also spoke about not letting her daughters on the social network site Facebook.

[WATCH: Michelle Obama’s Today Show Interview – VIDEO]

Besides all that trivial stuff… the big news on the fashion front is Mrs. Obama’s choice of dress.

The first lady wore a breezy, feminine, polka-dot piece, which can be purchased straight off-the-rack from H&M for only $39.95.

The navy dress is part of H&M’s current collection, however it’s a bit different in stores.

Mrs. Obama’s stylist customized her look by adding three-quarter-length sleeves and pairing the dress with a leather belt (in lieu of its original red sash) and bright yellow heels.

It’s not the first time Obama has rocked H&M and I suspect it won’t be the last. She’s also know to frequent The Gap and J. Crew.

Don’t you just love her?

In case you missed it:

First Lady Michelle Obama Visits Atlanta… [PHOTOS]