If you can afford it, then I'd say go for it. 60 dollars isn't that much. But it's all within peoples budgets. Surely, 5 dollars a month for hosting and a domain isn't that bad?
Precise amount a year: $59.40. Save some birthday money, ask your parents, do chores, or get a job. Those are all plausible ways to get some spending money.
I have to get around $200 to get me a silver chain so if I can do it so can you.