Many DIY decorators start with wall color and move on from there, but it is much easier to find paint to match the bedding than vise versa. If you don't have existing bedding for your teenager's room, start there. And never pay full retail! Use our savings tips when shopping stores such as Bed Bath & Beyond, Target or IKEA, or search for new bedding on sites such as Ebay or Overstock. Great deals can be found on quality bedding if you take the time to look.

However, most parents don't have the funds to lavishly decorate their child's bedroom, nor should you spend your hard-earned cash on furniture, bedding and decor that has inflated mark-ups and little long-lasting value. Truth is, you can create a fabulous room for your teen without going broke in the process - or even without spending much money at all.

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