I've finally had some time to work on it this week and $25 later, this is what I have! :)
I got the Cotton Ball & QTip "holders" from Target at the $1 Spot and painted them. The basket with washcloths I was able to get for less than a dollar on clearance after Easter. The "Splish Splash" Bathtub frame was a gift from one of Elliot's showers. I got the 3 shadowboxes at a garage sale for free and painted them gold. Check out The Idea Room and Martha for instructions on etching glass like I did on these shadowbox frames. And the pictures and mod podged paper in them cost $2.49.
I know, I know...you're thinking, "Dang! That's only $5.49." Well, you see that polka dot shower curtain? That was my splurge. It was $17 at Target.
I still need to do a couple more things to a wall and a shelf, but I'm getting close! :)