[scrrr]

I agree. I have a 40 Euro per month server solely for things like a MediaWiki, backup storage and git repositories. Granted, it takes a little bit of Linux-administration, but that's a useful skill anyway.

And creating a new git repo just takes 15 seconds:

  cd /opt/git
  mkdir reponame.git
  cd reponame.git
  git init --bare
  cd ..
  chown -R username:username reponame.git

That's it. Having said that Github is obviously great (nay, awesome) for larger teams (comment features etc.) and, of course, open-source projects.