We love the haircuts that we get from Dena at Salon O in Point Pleasant Beach. Not only do the cuts look great, the rates are very affordable too — $45 for a cut & blowdry. (If you plan to use your credit card, bring along some cash for the tip!)
Salon O is also great for kids, with reasonably-priced services: $15 gets them a cut, and $25 is a cut and style.
Visit their website and Facebook page to keep updated.