About 10 years ago (pre-blogs!) the Pottery Barn catalog was a good source of inspiration to me for new ideas. One thing that I always wanted to replicate was the walls of big collections of framed, matted photos. However, when on a limited budget, all of those custom sized photo mats can add up quickly! So, I invested in my own Mat Cutter. Using a coupon at Michael's, I think the cost ended up being around $50. In the 10 years since, it's more than paid for itself with all of the mats I have cut.
See that dresser in the shot? It started out as Emily's dresser and now it's been functioning as my nightstand. Now since I got the new ones to go there I'm thinking of doing something like this and moving it to the living room.