To be honest Garuf on the older Bikes there aren't a huge amount of options without spending money. That of course means that you may as well get a more modern second hand bike than spend that money. lol
Looking at your picture Your front steering is the old style of a threaded set of forks which are seperated from the stem. The stem looks like the old swan neck style and is therefore pretty fixed. It then tightens up via the screw and wedge inside the steerer.
If you look at mine and the other posters our forks go through the frame and out the top, then the stem is clamped directly onto the 'steerer' We can therefore choose shorter or longer stems to push the bars forward or bring them closer.
I may have referred to headset earlier but all the headset is really are the cups that hold the bearings on the frame part where the forks go through.
One thing that I can't see. Maybe seceptive because the angle you've got your bike leaned at is the saddle. Most people 'tilt' the saddle up at the front. I used to years ago too but like this hobby researched a lot.
If you notice mine and the posters above we have our saddles perfectly level or very very slightly up.
If you put yours level then you will know if the sadlle is in the right place on its rails from if you keep having to move your bum backwards or forwards. You just move the saddle to where your bum keeps ending up 🙂
Thats one of the joys of modern (good quality) bike is that the way they are setup these days means you can alter things sooo much easier. The real top end bikes you go and get fitted up. The shop then gets the applicable frame and all the things like pedal cranks, stems, bar widths, saddel heights and set are all worked out before fitting. lol.
Personally I would get something second hand. You can pick up a £1000 bike for £300ish on ebay if you collect and then it is infintely better than any new £300 bike. plus what you take off is saleable and therefore you can part fund all the upgrades 🙂
So for you to get yours set up properly, you would need a new headset, new forks, new stem Maybe around the £100 second hand region BUT hard to find because I think your frame will be threaded for the forks and therefore can't use a modern style set of forks!!!
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