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Setting up a new blog as a subdomain. Will it be indexed good enough ?view story

I have a main blog up and running (houseoftech.co.uk). I wanted to start another blog but i do not have enough cash atm to get me a new hosting. I am however going to a buy a new domain for that blog. My blog's webhost is bluehost. And they give the option to host a new blog as a sub blog and assign a sub domain to it. ( With wordpress settings i can change the domain to the new domain i bought). My question was, will this be effective when it comes to SEO. Will it get indexed in the Google Search. The new blog I am trying to make is about money (entirely different f

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