definitely check with your parents first.
BMX pegs come in a variety of sizes. My suggestion is to try a variety of sizes where you are so light you could try a 2 inch peg- check out the mongoose pegs available at target and walmart for about $10. the 2 inch pegs will need to be coated with jbweld and sand for grip.
the best thing is a steel BMX peg, the bullet proof line forma good bike shop will do well for you too, they are knurled for grip.
With the bmx pegs there is no need for welding they are usually the right size to screw right on to the shaft.