Whatever money, people think they are saving at GoDaddy, will surely be sucked back twofold after their guerrilla email marketing (referred to as "Service Notification System") begins rolling. They will scare the poor novices into owning $10/yr privacy, $5/mo website certification (really GoDaddy charges you for you to provide a site-wide backlink to their website), some email service (where they infer that bad things can occur if you don't buy some email accounts).
Just when you think you've finally satisfied their service warning system, by ordering all the suggested products, it's now time for shocking renewal invoices. $.99 domain turns into worst investment ever and also any website is hosted at GoDaddy, because you bought that too. So, needless to say, you've got very limited performance, but it's best not to bring it up with their support, because they are very well-trained to force you to upgrade all of it. "That will solve your problems. We just need more money." Fortunately, the upgraded plan is billed as a 12-24 month prepayment (for your convenience and peace of mind)."
The silver lining, I guess, for these people, is that they can really only go up from GoDaddy. And they will probably have a deep appreciation when they find a hosting provider/domain registrar that doesn't spend every waking moment plotting their next upsell.
GoDaddy has defiantly become more expensive over the years. You have a lot of options these days to move your domain name to different registrars, and it's worth taking a peak at a few. When you jump to a big giant like that, they are more for the volume than taking care of the small timers. Depending on the type of hosting you are looking for, you may be able to find a provider out there willing to renew your domain name for free if you transfer it to them - as long as you have an active account.