This is what you do if you're limited due to budget:
Compare your stats to all the schools and strategically apply to those you have the best chance of being accepted in. In-state schools are a big plus here, for example, while far-away schools might not be.
Second off, the only way you're going to "hurt your chances" is by not applying. At this stage in the game, it's already November and you haven't finished your primary. Say you get it done this week, November 8th. You won't get verified and released until 12/13 or 12/20, and then you lose a week or two due to admissions committees all being gone for the holidays. Then when they get back, you gotta wait for them to send secondaries, which might be a week or two on top of that, at which point we all hope you've pre-written your secondary essays and have all your LOR's in line. Then you submit your secondaries around New Years at the earliest, and wait for a week or two to get complete, which puts you at Jan 15th before any admissions committees will actually sit down and review your file, which takes 3 or so weeks until you get an interview invite. We're looking at Feb 1-14th at the earliest to get an interview invite. If there's any seats left.
If your stats and EC's are less-than-stellar, I'd hold off. Sure, it can be done, and some will show you there's some underdog stories out there to prove it, but statistically you're probably gonna waste your money. If you're strapped for cash, start saving up for next year's cycle and apply early and apply broadly.
What are your stats, BTW? And what state are you in?