I've been making all of the bread for my family with a Magic Chef bread machine for quite a while. It's easy enough, and compared to buying the good bread that's not loaded with HFCS and preservatives, it saves a ton of money. I was looking for new recipes online the other day, and I found one for bagels.
Basically, use the dough setting in the bread machine to make a batch of dough, then form it into rings, boil them for a minute or so, and bake them in the oven. Amazing -- half a dozen delicious bagels, without any chemicals or junk in them, for less than a dime apiece.