Here's what you need: mini picture frames (I found mine in the dollar bin at Michaels), scissors, cute scrapbook paper, and some magnets.
Take out the insert inside the frame and use it to make a template on the back side of the scrapbook paper.
Cut out the shape and put the scrapbook paper inside the frames.
And attach your magnet to the back of the frame. Voila!
Here is what our fridge looked like pre pretty magnets...
...and here is what it looks like now!
I love the pops of color, plus these look so much more elegant than those random magnets we tend to collect. All in all, I think this project was under $10 and definitely made a huge difference in the look of the kitchen. Can't beat that!
(P.S. Doesn't Mr. B look cute holding a baby? Gotta love him!)