Going to splurge and get the hubby and I heart rate monitors since we have been exercising more. Can anyone recommend an accurate one that works well for a decent price?

The Polars are the best, but they run $100 to $120 depending on the model unless you can find them on sale.

Try to get one with a cloth chest band (not plastic). I thought the chest band would be awful, but not so much. The ones that are just a watch you have to keep touching the sensors which is hard to do in mid exercise.

whatever one you get, be sure to get one with a chest monitor...
the Polar brand comes with high recommendations ( Model # FT07 I think is the least expensive) ... the model I have is discontinued but it also had a GPS function...

 The Polar ones are the best...if you're going to splurge go for that. I didn't have that money to splurge with and I got a Mio Drive+ petite like the one the trainers at my gym use (well, except those who have a Polar device).  It's a watch design. It works pretty well...occassional discrepencies...but overall it has worked very well and I am very satisfied with it. I get an accurate heart rate reading pretty much every time I do it...you use your thumb and forefinger to get the heart rate. 

I tried another (cheaper) one, but sent it back b/c it didn't take the heart rate well and only worked at random times.