I’ve never actually paid for a ringtone, but I did create my first ringtone today, for nothing. This post at LifeHacker points to a video that explains how to do it, and links to the site that’s providing the service for free. It’s pretty cool because you can use any part (limit 20 seconds) of any mp3 you have. I chose the first 15 seconds of The Roots – The Seed 2.0. It sounded pretty good.
Note that it’s not actually free if your cell phone provider charges you for data downloads, but it’s still probably much cheaper (it was much cheaper for me).