Hi, I too was in the same position not long ago and soon came to the conclusion that all that was available was either top end i.e pace and therefore expensive and rare or cheap and very nasty and would only add weight and work very poorly.
The only real solution with a limited budget was to buy a frame which would take 1 1/8" forks,which I did, you can then either use the components from your old bike or build another bike,,,I like most of us on her own more bikes than "makes sense" to the uninitiated
My "old bike" I donated to my young nephew, so now have a riding buddy... Building bikes is very addictive but with care not always expensive and very rewarding....welcome to Retrobike...enjoy the experience ...you will not meet a more helpful and generous bunch of people anywhere on the planet... Now what am I going to build next?
Mark.