@ nevermindpopfilm: I bought the domain name through Moniker and am now functioning through Wordpress instead of Blogger. To be quite honest, I find Wordpress much more convenient, as have most people I've talked with who have switched as well.
I've been thinking about buying a domain name myself, but I have no idea which direction to go in. How does Moniker work? Do you purchase the domain name and give them account access to the system you operate with i.e. wordpress?