1 foam core board (about $3)
1 1/2 yards of fabric (varies)
2 rolls of 1 inch wide fabric ribbon each about 3 yards (varies)
1 dozen or so large buttons (about $5)
1 dozen wood clothes pins ($1)
Hot glue gun and glue sticks
Iron the fabric to get out the wrinkles from the fabric store. Lay your foam board in the center of the fabric and wrap it like a package. Hot glue the edges closed.
Next you can start to add the ribbons. Glue them on the back and criss-cross them on the front of the board. Hot glue them together where they cross so they won't slide apart. Hot glue a large button where the ribbons cross.
Add wood clothes pins to attach your letters, bills, etc.
Use 3M Command Strips on the back to hang it. This is a very light piece so they will hold it nicely. I used 6 of the Velcro hangers to hang this one.
I love how this looks and it's quite handy!