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Do not compromise what had been planned about for the web site just to meet the level of what can just be offered with the cheap web hosting package.
Try narrowing your list of options by looking at the cheapest web host package that can meet your needs at the same time.
Don't sacrifice security and quality. It is not ideal to jump into affordable web hosts in which in the long run can lead to many problems such as...
It is a wrong perception, however, that cheap web hosts entail poor quality of services because there are really, indeed, reputable web host...
There is no need to choose a host with the fastest ticket response time, but choose one who you feel you communicate well with.
How long has the web host been in business? Have they changed management/ ownership in that time or, more importantly, recently?
What are their security measures and server backup protocols?