Many people now a day have their own domain name using their name, most of those people are blogger or the one have lots of interest being online and explore in variety of ways being productive online instead of playing game facebook myspace youtube google+. There are lots of things you can do online on top of entertainment, you can make money such as writing a blog buy cheap sell high on high moving items. You can help other people with whatever your specialty is, join a forum or yahoo answer and help other people with your knowledge. For me, I have over 100 domains before, but now down to close to 50 domains 🙂 yes it’s all mine and they all cost average of $10 each year to renew. What’s the purpose of having a domain name? for me, it’s both personal and business – I do short blogging like this one daily – Other business domain such as offering service to build website – Other other business website would be contents site with ads banners or google adsense adbrite chitika bidvertiser and so on. I’m not growing rich or making extra money, it’s barely enough to cover my cost, such as web hosting server, electricity and ISP cost for two fiber optics line 🙂 To me it’s a hobby, but also something I can turn into a business later on. Get your domain from trusted source like godaddy big company, they normally have discount coupon can be found using google search engine search for godaddy coupon, you can get code for renewal discount code, or transfer with 1 year free or even $1.99 domain 🙂