Hostels are great ways to travel. Well, it depends on the country and hostel. Can’t say that a hostel in Mumbai or Singapore is your best bet, but luckily, real hotels are cheap in most sketchy places. Websites like hostelworld.com are usually pretty good about givin ya the lowdown on hostels just about anywhere you might want to go. Most of the hostels I have stayed in go for around 10-12 U.S. dollars a day. Not only are they good for traveling on a budget, but you will meet lots of other travelers who turn into companions on tours or while visiting local attractions. If your lucky, and likable, you can make lots of cool friends from all over the world at hostels. That means you always have somewhere to stay whenever you go to whatever country your new friends are from. 
Lots of people who stay in hostels are traveling alone and welcome company so it’s easy to get to know folks. Also, if your at a hostel, chances are, you enjoy traveling. Likewise, everyone else around you does as well. Folks are usually pretty trade travel stories. This can give ya lots of ideas on where you may want to go next. One downside to stayin in hostels is that they can sometimes be loud. Generally you are sleeping on a twin bunk bed with lots of other people snoozin around you. There will inevitably be a snorer, sleep talker, farter, or a guy on the phone talking dirty to his girlfriend. Those variable just add to the experience though. Besides, when your traveling there is always a lot of transportation time when you can sleep. Planes, trains, cars, buses, etc… make for good sleepin time.
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