We have an awesome home theater with leather reclining seats with cup holders, overkill sound system, and netflix. Seats from Craigslist for a song, sound system from a Sunday afternoon yard sale, 2$ Yard sale airpopper makes great popcorn, and we don't have to go out to get the theater experience makes our theater great. Friends love coming over for movie marathons.
Cooking dinner and making popcorn at home with friends makes our theater super frugal. BTW we save 70+% of our pay! Home theaters done on the cheap can be wealth keeping tools.