OMG, that was THE most helpful comment ever. Thanks for all the suggestions! Will do, and that's how I like to operate too. I usually don't like mainstream furniture and find my favorite pieces in yard sales or refurnished by fellow artists. Thanks again!

for example the bed was 2000 but since i saw it on East Coast while moving to the West-I also payed like, 800 delivery, which was craziness-but i was crazy during that move.

But then the dresser I found several months later was 250, the desk-around 200, the chair-120(a mistake btw..won't ever buy a chair again without sitting on it first)...I couldn't find the right nightstands for years..not exaggerating..you also get into that mode when you prefer old and good quality and unique to new..because no money for new and good quality lol..eventually I found them new, but they were on sale..around 500 for both.

Art-collected for years..I do tend to put some my very favorite pieces in my bedroom..lets say I have 6 or 7 paintings there..some are by very fine artists, and are expensive, at least to me..but couple are much cheaper vintage store finds or eBay wins..

but i didn't budget for them. i lived my life, moved places, traveled, and when i saw something i fell in love with and could afford it..or had a convenient birthday that very day lol-i got it..

don't have a rug until this very day.

we did change the carpet, and we did repaint the walls, at some point.

ah..curtains, and bedding, and throws, and pillows..my very soft spot. very hard not to be impulsive. bedding and curtains-I do wait for them..save for them, wait for sales. look for the right ones for months. pillows and throws-I'm impulsive..

so I either need not to buy anything-and in that mode I'm not impulsive. I just don't buy things at all, for as long as it's needed. I had a pretty poor youth so I can switch gears completely. Or I might be in a bad mood-and then it's really easy not to buy anything..))) nothing's wanted..

(OMG I would never write the second one if I read your reply lol..the second one is TMI..I'm just full of guilt because I bought 2 new pillows...))

Gorgeous room, lucky you! Is it possible to put a mantel over the fireplace? Will you replace the drapes? I don't have as much patience as April, I'm more about getting the job done and not looking back because it's easy for me to obsess over things which steals my time and energy. I would forgo the floors for now (do what you can on your own in terms of cleaning/rejuvenating unless you want to must do it to cross it off the list) and focus on the furniture (bed, nightstands, and dresser) and the area rugs first. That will direct you towards bedding and paint colors. I would say that whatever youu spend on painting is probably the first thing to budget since you cannot flex that too much and the cost depends to some extent on where you live. What is your time line for getting this project done? Can you take more pictures from different angles? Thank you!

We buy a lot of our decor items second hand or at discount stores. It takes a little patience, but I mostly enjoy the hunt. I'll also shop my house and rearrange the things I already own. DH is handy, which is very...handy, since he can build almost anything if I give him a basic sketch and description. I like to look at things too, and try to imagine how they can be repurposed. Maybe an end table or bookshelf becomes a night stand, for example. Can it be painted or sanded down and restained? Basically anything is up for consideration. In the mean time, I collect tons of pictures for inspiration and try to figure out what it is that I like about them, whether it is a sense of scale, color, lighting, texture, furniture arrangement, etc, and then imagine how that can be translated into our own space.

In your space, you are going to need some rather large items since you are working with what looks like oodles of space in terms of both floor area and ceiling height. Rather than 1 large rug, you might find 2 small ones for either side of the bed and then another of medium size to anchor a seating area by the fireplace. Small rugs are less expensive than the size rug that would cover most of your floor space. One large piece of artwork for over the bed (maybe the tapestry that's over the fireplace right now, since the tapestry loooks too large for the fireplace?) Perhaps an armoire for storage to the right of the bed (craigslist is full of these as people are eagerly swapping out their old tv's, and thus their armoires, for flat screens.). An upholstered headboard made from a piece of plywood, some batting and stapling a piece of fabric remnant over it, and screwing it to your current bed frame. A pair of comfy chairs by the fireplace. Some throw pillows made from chunky cable knit thrift store sweaters. There's a lot that you can do here without a big chunk of money. : )

Are you willing to do a bit of DIY? A cal-king rustic headboard with a shelf for lamps would be a piece of cake, as would a bench for the foot of the bed.

Check ana-white.com for all kinds of easy stuff from standard construction lumber.

Overstock.com and amazon can have great deals on bedding.

Shopping tips:
1 - Take measurements and carry them with you, along with a tape measure. If you find that perfect side table, you want to know.

2 - Take pictures of what you have already with your phone, and if you are crawling thrift and second hand stores, take pics of the candidates and their measurements so you remember exactly what that other store has. (I take a shot of the front of the store if there's a potential furniture piece in it, so I remember where to go back to)

3 - Find something small that has all "your colors" or enough of them that you can use it to decide whether something fits the color scheme or not. I used to carry a silk scarf that had wonderful colors.

4 - Take your time.

PROJECT:
Start with the floor ... have it cleaned or refinished. It looks good to me, but I can't see the details.

Paint comes LAST, because it can be matched to anything you need. I'd keep it on the light and airy side,

My only comment on the current decor is:
Sconces are way too high.
The art is too scattered and tiny. You need some BIG colorful pieces of art or tapestrys. Even hang rugs if you like them.
It needs rugs on the floor.

All great advice so far. Do you already have some furniture (the bed for example)? I assume you want to add rugs, so I'd start with those purchases first as they will drive the colors you will use in the rest of the room, including paint. A lot of people here have found great bargains on esalerugs.com and I believe shipping is free both ways.

Overstock has already been mentioned, which is another great resource for rugs, bedding, drapery, etc. And check Wayfair too for bargains. If you have Pier 1, Home Goods, Target, TJ Maxx, Tuesday Morning, all of those are great places to look for bedding, tables, odd chairs and decorative items. I'd hold off on most decorative items until you have nailed down your color scheme and have some of the bigger items out of the way. I agree with the above statement that the art shown in the first photo is too small and scattered. That large room needs statement art or tapestries hung. Even an unframed canvas work of art can be gorgeous.

Paint first and then see how much money you have left.

I'm with Anglo, paint first, since that will be a large chunk of your budget and you'll know what you have left. You can also save more by doing it yourself. It looks like you want an off-white neutral which will be easy to co-ordinate with. You might be able to put off doing the floors for a while, until you save up.

Urban Outfitters has some nice boho style bedding at a good price point. My daughter got some from there and the quality seems to be pretty good.

It will be more boho, and also cheaper, if the bed and nightstands do NOT match.

Consider Ikea for lighting and frames, also plants and pots. Also check out stylist Emily Henderson's blog -- she has a similar style and has some very good blog posts for finding inexpensive curtains, frames, etc.

MY GOD! These comments and suggestions are SO good!
I found great inspirations on Etsy so I'll either by there or make it a DIY project to make a very simply bed and maybe wall/floating side tables.

Agreed scones must go as well as tapestry.

Paint will most likely be white.

The floors have damage here and there and are also a different color than the beams and doors. I'm wondering how many different food types one can reasonably have on a room :)

Anyhoo thanks for all the suggestions! Also about having a small piece like a scarf with the color scheme & measurements

The floors can most definitely be different colors/stains than the doors and trim. Although I'd make sure that the doors and those beams match each other.

April has some great thoughts here!

Also, check Craigslist for some of the bigger ticket items. For rugs, rugsusa.com has some nice Bohemian ones.

This one, 9x12 is 360.00 (minus 10% if you sign up).

378.00 for 9x12