The last past weeks I been doing a lot of organization and was my magazines turn. I went to Ikea and I bought the magazine files made with white card board and they are only five for $1.99 (Good deal).
And here is a simple way to decorate them.
You only need:
Scraps of fabric
A small brush
Cotton washi tape
For the label:
A small cello bag
A Paint chip
For the label I just made a little pocket with a cello bag and I can change the label as often as necessary.
You can see at my store a big variety of cotton washi tape.