This time I would like to write about advantages and disadvantages of blogs hosted on your own domain name:
-You will have to pay for the domain name and for hosting your domain. This can amount to approximately $150 per year, but it varies depending on which hosting plan you will choose.
-If your blog is hosted on Blogspot you can incorporate AdSense, but Google will take part of the profit. However, you will not need to share your profit with Google if you decide to have your own domain.
-Other bloggers might show more respect towards bloggers who have their blog hosted on their own domain. That is because they might assume that such a blogger is more serious about blogging.
-If you have your own domain, you have a lot higher possibility to fully customize your blog. However, it might require some html and php knowledge. Make sure you learn some basic html before you decide to host your own blog.
I will leave you to make your own conclusions about hosting, because it really depends on circumstances. Overall, if you are really serious about blogging you may eventually decide to host your blog on your own domain.