A smartphone will work perfectly well for that. You probably won't find many voice recorders at your price point that will sound much better (tho someone may prove me wrong).
The weak point of most inexpensive recorders is the mic, so maybe get a bit better mic that will plug in to your phone, to give better results in whatever recording app you choose. Something like the Rode VideoMic-ME or iRig Mic are right at that $60 mark.
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