If you want to have your own website, there are a couple of phrases you should be aware of before you go shopping for your piece of the "web". I have tried to explain them in easy terms to the best of my understanding.

Domain - The name and address of your website. When you purchase a domain, you are really just buying a name for and giving directions to your belongings. You are calling your belongings "Your Stuff" and letting people know where your stuff currently is. You can change the location of "Your Stuff" at a later time and give new directions.

Host - The physical location of your website data. It is computer where your data is stored. Your hosting company owns the computer. In other words, its the house where you store your belongings. Your hosting company in your landlord.

Disc Space - How much storage space you can have and how much storage space your website uses. It is measured in MB/GB. Using the house and belongings analogy, it is the square feet of living space vs. how much space your belongings take up. You're gonna pay more for a bigger house. (You shouldn't pay for a mansion when you only need a one bedroom apartment.)

Bandwidth - How much data is being tranferred between your host and the rest of the internet. If you really want to calculate an estimate of your bandwidth usage each month, here's a formula: [(avg page size X avg page views X number of daily visitors) + (avg file size X avg daily downloads)] X 31. You have to pay for your share of internet usage. The analogy on this one is tough. I guess you could call it how many people you have visiting you and how much stuff they are bringing in and out of your house with them. You have to pay for the your share of the road usage that gets them to your house. (You shouldn't pay much for road usage if you are a hermit, but you could pay alot if you have big trucks going back and forth.)

I hope you have found this information helpful.