My friend, SP, reminded me of this money saver a few days ago - go to the library. It's a rarity that I absolutely have to read a book right when it's published (Harry Potter doesn't come along that often). I keep an ongoing list and mag reviews in an envelope. I make regular trips to the library, and pull out a couple that look interesting. Most libraries also have the capability to request books from your home or work computer so that the book is there waiting for you when you do go to the library.
And libraries also have plenty of dvds to watch as well. If you have children, chances are you rarely see movies when they come out anyway, so just wait a little while until they are free from the library.
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