I've been drolling over magentic boards for awhile from Creative Memories ($50). Then I thought how easy it would be to make one! Here's a simple tutorial for you. I bought my frame at a gross garage sale for $3. Here's the before and after pictures:
I made the board for my sewing studio to hold my design drawings and pattern instructions as I sew. It sure looks nicer than just taping them on the wall--my former solution.
To download the tutorial, click the link below: Magnetic Board Tutorial