You might be able to buy a shipping pallet and upcycle it to become a toy chest. This will save a fair bit of money if you're able to get a recycled chest, but if you're not so fortunate, there are chests available which have been made from recycle wooden pallets. These have beams fixed together and varnished, although they still have a distressed and natural look. The hinges are used to lift up the lid of the chest and store toys, while once the lid is down, you can cover it with a blanket or cushions and use as seating.