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I'm starting a blog what should be budget?

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I'm starting a blog and my budget is $350. Till now I have decided to go with,
Godaddy($10), bluehost($70 for one year), thesis theme($197), Plugins( EasywpSEO and SEO smart link plugins for $116)
but It's going out of my budget so where should I compromise? Is it enough or I'll need anything more? any suggestions?

Thanks in advance.
asked by Gaurav

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