Do not buy a cheap psu.
A cheap PSU will be made of substandard components. It will not have safety and overload protections.
The danger is if it fails under load, it can destroy anything it is connected to.
It will deliver advertised power only at room temperatures, not at higher temperatures found when installed in a case.
The wattage will be delivered on the 3 and 5v rails, not on the 12v rails where modern parts
like the CPU and Graphics cards need it. What power is delivered may fluctuate and cause instability
issues that are hard to diagnose.
The fan will need to spin up higher to cool it, making it noisy.
A cheap PSU can become very expensive.
Do not buy one.
Look for nothing less than a tier 3 unit from a list such as this:
Credit to @Starelementpokeand @Energycore for helping out with this long-awaited refresh of the old PSU tier list by Aniallation (who previously went several months without logging in), leaving the old list in need of help. This is simply an update of the list that was flawed in creation by the P...
linustechtips.com
The ticking sound you hear is likely from the fan.
I would not change it out until you can buy a quality replacement
The devil you know is safer than the devil you don't.
Put a plan in place to save up enough for a quality power supply.
It is one of the few future proof pc purchases you can make.
They do not go obsolete quickly.