You really can change the look of your bedroom without spending a fortune. A little creativity can go a long way, whether it's an afternoon project or just adding a few accessories.

Here's how to get started:

Buy a few accessory pillows for $10 each (or less) in a new color palette. You can create a sophisticated monochromatic look by selecting the same color for each pillow but in different textures, such as raw silk and chenille. Try a romantic look with layers of pillows -- large ones in the back and smaller ones up front.

Watch Video: Decorating on a Budget

A fresh coat of paint is the most inexpensive change you can make to a room that will also have the most impact. Remember, you don't have to repaint your entire room; you can focus on a particular area that needs renovating.