I would consider not having a TV in your bedroom. Your sleep and your life will probably improve

Honestly, unless they're non-functional, keep the furniture you have and chalk paint each piece. It's shockingly easy, try it on one of the nightstands first. If you're not a DIY type, you can typically find people to do it for you depending on where you live. Replace the rug with one that has fibers in your color scheme that reflect light - usually there's silk of some sort in the blend. TJ Maxx almost always has options at price points that don't break the bank. Once you've redone the nightstands, drop the mirror height down to where they're only a few inches suspended over the top of the nightstands. They're a bit high currently, so you're losing some of the light they should be reflecting. You may want to sub the lamps out for taller ones, too. (Or, try just painting the bases in something lighter.)

Agreed. The furniture is fine.
I actually really like the drawers that the tv is on. They’re really nice.

Anyways, I’d spend the budget on a new rug.
More pattern.

New, plain linen

More pillows. ... :)

New lamps.

Maybe curtains on the wall to the side of the bed. But not very necessary.

And maybe a bench at the foot of the bed.

I would simply address the area rug and the bedding along with eventual window coverings.

Thank you!!

Can you take a picture of of the whole room? From the current photos, the room seems out of balance. I’m wondering if the bed can shift to the right so that the window is at its left versus above it. I too vote for getting rid of the television. Changing out your bedding and rug would make your room feel more inviting. I’d keep the furniture you have but add a bench at the foot of your bed.

The biggest impact (and would be my priority over dresser) is a padded headboard, and lovely layered bedding. Bonus would be a bench and chandelier.

A light dresser, still somewhat traditional to work with other furniture, would tie in nicely with headboard. This could be down the road and just wall mount tv.

I’d use larger glass and/or silver bedside lamps, which will work well with the mirrors and reflection.

If you add color in stages, you may do/spend less than you think. Start with a gorgeous colorful rug rug. Then add colorful linens. Then consider drapery. If that doesn’t do it, chalk paint one item at a time, starting with the bed.
You may find your furniture is perfectly fine once there is more color in the room.

Art on the walls

If you decide to paint any furniture pieces, please google the proper way to prep them and a higher quality paint to use. Chalk paint- as well as waxing - does not provide a durable enough finish. It works mainly for "shabby chic" or farmhouse decor. Proper sanding, priming (a bonding primer like Insul-X Stix), and something like Benjamin Moore Advance (if it's a lighter color), or BM Cabinet Coat (a high quality urethane acrylic), will look and wear much better.

I have chalk painted two mahogany night stands and six years later they are still in great condition. No sanding, two nice coats of paint and wipe on polyurethane. No scratches from the lamps or anything I’ve put on them. It isn’t necessary to do a cabinet quality paint job on every piece of furniture.

@RedRyder, I've never used chalk paint on anything - don't care for the look. But if you top coated with a poly, that is going to wear much better. When I think of chalk paint, I think of the look of "worn off paint".

Your furniture is pretty but may be fighting with the duvet color and pattern - remove the duvet and all the pillows and the throw blanket and see if just white bedding gets you closer to your vision. Also clear off some of the clutter (remove or put in a decorative box) on the nightstands and see how that feels to you. The bottom of the lamp shade should be about even with your chin as you sit on the bed, so your lamps may be too short?

Can you switch the dresser and armoire locations? What is the wall opposite the armoire? A beautiful new rug can set a totally different tone for the room. All white bedding with a throw at the bottom to pick up an accent color from the rug should do it. Then on to window treatments.

Consider hanging the two mirrors 5" above the dresser and ditching TV in the bedroom. Get art for either side of the bed.