I had a similer budget i end up with a reflex excursion i love it shoots great and since they where shelfed for new modules there rather cheap now. Get a good bow proplery like 300 bucks new maybe 200 used depending on what your buy. Then if you have to buy cheap but good add ons. IE sight rest so on. It is alot easier to buy that 100 sight later and can a 40 dollar one then to buy that 500 bow later and can the usef 100 or even 200 bow you now do not want.