Installation Issue - Database Triggers not allowed by hosting provider
The tables that use triggers are: civicrm_contact, civicrm_address, civicrm_phone, civicrm_email, civicrm_im, and civicrm_phone.  Additionally, if you turn on advanced logging, all tables have triggers.  The Summary Fields extension also creates triggers.

The "core" triggers are mainly used for updating the modified_date, though they also generate a value for a hidden numeric-only phone field (used for SMS etc.).

In all though - I would NOT use GoDaddy for hosting.  CiviCRM uses far more resources than a brochureware WordPress site.  While I hear your concerns about cost, there's plenty of VPS services that cost the same as GoDaddy hosting - assuming you or someone else is willing to manage the server.  I use Linode, whose $10/month plan will give you far better performance than any shared hosting out there.  There's equivalent plans from smaller VPS providers too.