Milligan
I'd second those saying consider a secondhand pair of European binos. Good quality binos come up all the time on eBay - if you're sad like me you can set up a saved search

If you don't fancy eBay then, as JC275 says, you certainly won't go wrong with McLeod's.
Having something of a bino fetish, I have accumulated the following:
Swarovski 8.5x42
Zeiss Jena 10x40 Notarem
Leica 10x25 BCA
Zeiss Jena 7x40
Optolyth 9x63
Steiner 8x30
I would rank them in that same sequence (top to bottom

). Each time I look through the Swaro's I forget about the cost and marvel at the quality.
The Zeiss Jena 10x40's were picked up a month or so ago on eBay for just over £100 and I am very impressed with them. I take them out when walking the dogs and they are seriously good - they are compact, tough as old boots and the image is both bright and pin-sharp. For the money they were an absolute steal. They come up frequently on eBay and always go for around that price, so you can bide your time and wait for a good pair.
The 7x40's were also secondhand when I bought them for about £250 as my first serious pair of stalking binoculars. They are the "checkpoint charlie" model, though in my case without the rangefinding reticle. Mine are 'focus free', which is quite a nice feature when stalking, though on the downside they do have a slight yellow 'cast' to the image. Waterproof, rubber-armoured and Nitrogen-filled, they served me well for the first 10 years and now sit in my stalking box as a spare pair in case a client forgets theirs (or I forget my Swaro's

).
The Steiners were secondhand and I've probably looked through them twice - they are worse than useless. I looked at getting them refurbished but (at least with this particular model) there's no repair possible. Steiner offered me a discount on a new pair but why throw good money after bad??
When out stalking you use your kit in this sequence; binos, scope, rifle. On a stalk you will look through your binos dozens of times, your scope possibly a few times, and you'll pull the trigger once. IMHO you should spend your money proportionately.
willie_gunn