I saw this project on the CutOut&Keep Blog a while back (i linked the website tutorial), & its just what i needed! I use it to hang all my bags/purses, keys, & sunglasses on. :D
It was totally free since my dad had old wood in the garage & old tree branches out back. I did most of it, my dad just screwed them in for me since im electric-tool-intolerant. lol
Tip: you HAVE to pre-drill holes in the branches or they split/break easily.