I've tried to keep from spending too much on decorating for a few years. DIY is probably the best way to do so. Last year I started to look for decorations that could also store as small as possible.
Printed decorations are great for storage (they store flat) and cost (until you factor ink costs). You can create your own, if your artistically inclined, or do like I've done and search for free graphics or projects from the web. Disney and Martha Stewart are great resources. They have a variety of things to print and decorate with.
If you like model making but don't have a ton of money, consider paper models. It seems to be a big trend in places like Japan and Europe. Print out the model on paper, cut it out, and assemble it with a little glue. This is great if you have time but not much money. I like Haunted Dimensions for their Haunted Mansion and related models but you can find other Disney related models at The Disney Experience (currently named The Haunted Experience). Search the 'net for other paper models if your interested.
I've also took inspiration from a variety of sources and found graphics for bottle labels, spell book covers and pages, and wall decorations such as posters and framed pictures. Keep in mind that many images can't be used in any money making situations but you could use them to decorate your house.
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