Welcome to the forum.
I'm glad you haven't bought anything, yet. Those guitar-to-USB things work okay... as long as you don't mind not hearing yourself playing in time to the tracks you've already recorded. They don't synch up well with whatever other sound card/audio interface you are using.
You should save a few more bucks (I know you said "inexpensive") and get an audio interface designed for recording that you can plug a guitar, microphone or other instrument into. The savings on headache pills you won't be buying will justify the added initial cost.
What equipment do you already have?