What you would use this for: A hosting account is the space on the web that you pay for in order to put a web address or domain name online.
Links you’ll need: Godaddy.com
Coupon codes for Godaddy: http://www.fatwallet.com/forums/hot-deals/725207
Cost: About $75 a year
Tools you’ll need: You’ll want to have a domain name. Either purchase one when you purchase hosting or get more info about that here.