The center dot on the EO is 1 MOA... what size targets are you shooting at?
I'm sure he's referring to the 65 MOA circle around it.
With that being said, there are EOTech's available with only the 1 MOA dot. That may be an option for the OP. You could get lucky and find a nice used one for $250.. or you could just save a little more and have a better chance of snagging one for $300 or a little over. The same can be said of an older model Aimpoint, like an ML2 or Comp M.
I have an Aimpoint and an EO and love 'em equally.. they each have their purpose though. And like others have said, that's what it comes down to.
But if your budget is strict, I'd also suggest a Vortex or a Primary Arms optic.