Yes, perhaps put that money in an account earning interest while you work out whether you really want to be outside at night in the cold and the dew, with mossies biting and unexpected cloud cover, waking up blearly-eyed next day from too little sleep.
As has been suggested, getting to know the sky with a pair of around 12x60 binoculars in the $150 range with a fairly robust tripod (around $120-150) will soon tell you if you want to persist.
Check you get astronomical binoculars (a green colour reflected from the objective (big) lens is the test). They will be fine for daytime terrestrial use as well. Don't get ones showing a red reflection (ruby coatings) - they are designed solely for reducing sun glare during daytime.
Search "binoculars" on this site for lots of advice.
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