I'm just going to warn you ahead of time. Like all of my projects, this one is pretty advanced, unless you know how to type and use scissors. Then you can probably handle it--if you really set your mind to it.
I have a gallery wall and wanted to add some typography pieces. I used magazine pages for both of the backgrounds. For the monogram, I printed out the letter J on my computer, cut it out, and glued it onto the background. For the lower, I printed the word directly on the magazine page. Cheap. Easy.