With the cost of shared hosting, you'd be much better off spending $5 a month for your own site.
There are a wide variety of free website templates as well as free BBS (Forum), Wiki, and Blog software so that you can create a nice, clean site.
This is the hosting company I use
http://www.cheap-domainregistration.com/
phpBB software for forums:
http://www.phpbb.com/
Information on Wiki software (some free some $$):
http://en.wikipedia.org/wiki/Wiki_software
Finally the king of Blogging software WordPress:
http://wordpress.org/
Just set your MySpace up with a link to your hosted site if that's the way you've been communicating with others in your social circle.
I hope this helps.
