Just as no PGA tour pro plays on tour with the clubs his parents bought him for high school golf, so to do you need better equipment to succeed at higher levels here.
Now, what you should do because you don't want to spend money, that is up to you. You can continue to play, in practice you can set the tees so that they aren't too far for you. But yes, to continue to compete in tourneys, gonna need to spend some money. About all that 150 will get you is a sleeve of balls that will give you a couple extra yards.