yup i have spent a lot more on stuff to make bags than i would spend on a bag. i spent $15 a skein for mittens...took two skeins...NEVER would i spend $30 on mittens...sheesh!
and the sock yarn i bought....those socks better be made of gold if they cost that much and i am getting them at target!
for some reason it seems different when you are making it yourself. the process and working with yarn you are absolutely going to love...
otherwise try haunting the goodwill and see if there are sweaters that are looking to be repurposed!