Ok thanks for the quick reply guys. Here, let me be more specific. I don't want to spend more than $300 on monitors, unless it's that important that I spend more than that to get a good pair (to make a nice recording). Since good headphones are important, I also need a recommendation on that. I need these soon (within the week) and I'll probably be visiting GC tomorrow, so some suggestions would be very much appreciated.
1st suggestion, buy online and save all the money you'd be spending on tax to put toward better gear. Plus, unless you have a good inside hookup guy, you'll likely find much better deals on most anything you're looking at purchasing at GC anyway if you shop around a bit and work some deals.
Monitors are definitely important and definitely one of those things where you get what you pay for. However, the room that the monitors are in will impact the quality of the sound as much as anything. If you put them in a crappy sounding room (with nulls or other weird stuff going on) the best monitors known to man could potentially sound bad. Many people would say treat the room first... and we're talking acoustic treatment here, NOT sound isolation. Forget the foam egg carton stuff. Look into some bass traps or acoustic panels, whether you buy them or if you're a DIY type person. A great resource is over here...
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Now, I'm not saying that you can't get a good mix with some less-than-mediocre budget monitors in an untreated bedroom... surely people make that happen often these days. But your life will be much easier since you'll be able to mix quicker and have your mixes translate better across more systems if you're able to do it in a more balanced room with flat/more accurate monitoring.
As far as a budget monitor recommendation, if you can save up another $150 or so, I'd strongly recommend the Blue Sky Media Desk 2.1's. I auditioned these against a bunch of stuff in the $500 and less range a couple years ago, and they won hands down to my ears. YMMV. They don't get real loud, which may or may not be an issue for you, but they sound smooth, not fatiguing, and seem pretty accurate when setup well. There might be some newer stuff out there in that price range that I'm not aware of, but the Blue Sky stuff is quite good for the $$$ IME.
What are you looking for as far as headphones? Closed-back (isolated) type for tracking stuff, or open (much less isolation) which tend to sound a bit more accurate (for mixing... though only mixing with headphones is generally frowned upon)? Headphone budget? These can get pricey as well.
Good luck.
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