R.M.
I am in the camp of not believing in the cry it out method. Everyone makes the decision they feel is best for them, so don't do anything you aren't comfortable with. I have found a lot of help from the No Cry Sleep Solution (http://www.amazon.com/No-Cry-Sleep-Solution-Gentle-Throug...) book, and there is also a Yahoo group (http://groups.yahoo.com/group/NoCrySleep2/) that you can join and ask questions similar to the one you posted. The people on the group also do not believe in the cry it out method, so some of their suggestions may be more in line with what you are looking for. I am currently working through sleep issues with my own 8 month old daughter, so I can't give you specific advice, but the yahoo group is wonderful.
The only other thing I would say is that the No Cry Sleep Solution book advocates making small changes over a period of time to gradually get your child to sleep through the night. While it takes longer than CIO, there are many people who have had success with this method.
If money is an issue, you can try and see if your local library has the book or can borrow it from another library in the area.