Measure the top of the wood plaque and cut the plaid paper to fit using the ruler and craft knife. Set aside.
Paint the wooden plaque with white craft paint and let dry.
While the paint is drying on the plaque, spray paint the wood frame with gold. Make sure to get the crevices. Let dry completely.
Add a medium layer of Mod Podge to the top of the wood plaque.
Smooth the paper down with your hands or a brayer and wipe away any Mod Podge that comes out the sides with a brush. Let dry for 20 minutes.
Paint a medium layer of Mod Podge over the top of the plaid paper. Let dry.
Glue the gold frame down to the plaid paper. Place dots of glue around the frame then press down.
Attach the wood letters in the center of the gold frame with craft glue.
Notes
Costs will vary greatly for this project depending on what you have on hand. I already had paper, paint, etc. and used dollar store supplies to make it cheaper.