Shutters: $1 at a yard sale last year
Wreath: $3 at Hobby Lobby (50% off sale this week!)
Ribbon: From the stash.
Husband's tools and labor to hang screws: Free.
Then, I hand-cut some stencils. It was pointed out to me that vinyl would have been easier, but I don't have a vinyl cutter.... so exacto knife won.

After the letters were stenciled on, I just aged it a bit with a sander and then left it out in the weather for a full year. (That's REAL distressing! ha!) Here's how it looks now:
Both pillows are inspired by V and Co., whose blog I can't get enough of. Super cute ideas and great tutorials. Check them out: heart pillow and ruffle pillow
...to find much time to do this...