This is what I made for my sister in law for Christmas. This year for the gift exchange we set a dollar limit on the gifts, and I came up with this magnet board/recipe holder.
I totally forgot to take a before picture but it looked a little like this ming porcelain plate except it was tin and you could tell it wasn't porcelain. It was a whopping .50 cents at a thrift store.

source google image
I spray painted the edges white, and found some cute scrapbook paper, which I then Mod Podged to the middle.
Lately I have been kind of obsessed with keeping all bottle caps off of our drinks and so I took a few Izzy's caps. (I love izzys)! I covered one of them just so I could have more orange but I didn't even have to cover the others because they are so cute. The things that I had on hand made it easy to stay in the budget but if you had to buy the Izzy's, paint, paper, magnets and cloths pins you would still have a pretty cheap gift!
Covered a couple clothes pins and stuck magnets on them and TA-DA! A very cute $1 gift.
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