A Virtual Private Server can work well to set up your own anonymous internet browsing proxy. A VPS can cost as little as $8 a month, which is roughly the same a private proxy or VPN provider would charge you. But with you being in full control over the logs and resources on the server which can be used for other things besides hiding your IP when browsing the internet, like for example IRC chat through the shell with irssi or hosting a website with lighttpd.