Two ways to get surprising results when you decorate frugally:
Ask your husband's advice. He lives there, too, and might not appreciate being swathed in lace. (Since our bedroom window frames green pine trees, my husband suggested a rustic/elegant look--something like you'd find in an upscale, mountain B & B.)
Look outside the box for decorations. All my favorite artwork was too tall or too small for this space. Meanwhile, husband's prize-winning trout had no home. I married it with an antique bamboo net (free at yard sale) and a broken bamboo fly rod (also free). We added an old fly for detail.
This unusual arrangement works because it adds height to the bed; the natural colors blend with the green velvet headboard (a free king-size that we cut down to queen length). The white yard sale spread keeps adapting from one house's scheme to the next. Bleach is a wonderful tool!
Its original white shams didn't wear as well, so I found these Restoration Hardware replacements. They were new in the package, 75 cents per pair. Nothing makes a bed more luxurious than lots of squishy pillows! I grab old down bed pillows at yard sales, wash them in hot water, and dry them in the sun. We fold a down comforter ($5) at the foot of the bed.
Across the room is a cozy spot for reading. You might recognize the bird prints from the entry in my old house. The room is still a work in progress. I'd like to swap these thrift store lamps for a different pair, but I'm patient. Surprising things happen when you decorate with what you have on hand.