<human>:  What is the most cost-effective way to decorate my living room on a budget?
<bot>: The most cost-effective way to decorate your living room on a budget is to focus on making small updates, such as repainting, changing out the window treatments, adding inexpensive artwork, and replacing old throw pillows and rugs. You can also find budget-friendly furniture and accent pieces that can easily be swapped out when you're ready for a new look. Finally, use repurposed pieces, such as wood pallets, to create unique pieces that can stand out in any living room.