im looking for some cheap, reliable web hosting, can't pay annually, can pay monthly. Want some good specs anyone can help me?

I found Jumpline.com to be cheap and generally reliable. I did get some MySQL crashes which is why I left in the end, but if you are not using MySQL you should be OK. I was using one of the VDS packages. Shared is cheaper still. They do monthly packages.

http://www.jumpline.com/index

I've always used WestHost and they've been great for me.

Dreamhost has been great for me