The answers depends on what you will be doing with it. If all you do is type a document every now and then then you would most likely be wasting your money. Sure, you could get open office, but did you know that you don't even have to install anything on your system. You can use Google Docs of course, but I would at least try out the other services available. The thing is that Google Docs is a very basic application. There are a few other ones that have a lot more to offer; you just need to decide what you need. If you need very basic things then I would suggest Google Docs because it is fast and reliable. Other than that watch the video to find out more and make the decision about which service would be great for you.
You can go to the different sites here:
Google Docs
Zoho
Think Free
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