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How much do you think is acceptable to spend on a domain?

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So I found a domain I am interested in for a website idea I have. Normally, I wouldn't spend more than $20 a year on a domain with a renewal being under $50.

This one however is much higher. For the first year it would be $35 but the second year and beyond, it would be $96. I am not sure if I want to spend that much a year on a domain I may not even end up sticking with.

The most I have ever personally spent was $200 a year. Yes, that is a lot and more than most are willing to spend but it was a domain I had already had for years and the value of it was going up every few years. I eventually let it go and wish I hadn't as it ended up selling for $5,900 in 2019. I let it go in 2014.

I wouldn't spend more than $50 a year. I like to keep everything I do online under $500 a year and if I am spending a lot on domains, that eats away at costs for things like servers, plugins, and things of that nature.

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