Banshee in Avalon
You can find XLR/jack cables to connect your mic to an interface that only uses jack inputs.
Most of us would rather use an XLR/XLR jack this solution is also handy for beginners.
$60 is a really low budget, I would rather buy that XLR/jack cable and wait to save a bit more and buy a better interface (I'm sure you can get a decent second-hand interface for $150). What you have to take into account when choosing an audio interface is the quality of the analog to digital converters, and good ones are quite expensive.
[ Post last edited on 03/18/2013 at 14:39:15 ]