The Magazine hard copy will be a money pit, there are free alternatives, such as producing a Bi Monthly PDF doucument for online download, zip a copy to CD or pendrive and distribute to friends and family for free, if your desperate to have a hard copy to share your cream buns with just print it off. I used to have a small programme that would turn any programme like word or publisher to a PDF document. Couple of quid on ebay !  

Adding stuff like a paged crossword or word search would be easy and those that enjoy that stuff could simply print the individual page.

Again Recipies Just print the pages required.

The list whilst not endless should make for an interesting E Magazine.

PS Your could also set up a simple E Mail List and distribute for free with a click  ;D

You need 1/2 dozen of so people to write monthly articles that they can email you and if your lucky some advertising  (very cheap rates) no printing costs and bobs your uncle ! ::)

Not Rocket Science, but will be time consuming but could make u a few bob, said my Uncle ;D