Adventures in a new place are an amazing way to spend your time, but unfortunately, they are also an easy way to spend all of your money. There are lots of ways to travel cheap, though. Sure, you may not travel in top style, but you'll get the best of both worlds--a fantastic experience and money left to pay the bills when you get home!
Traveling On A Dime (Literally)
Prices always vary by season. If you avoid the high seasons, obviously, prices will be better. Don't underestimate the value of traveling somewhere in the off season--Iceland in the winter is cold, but not unbearable, and has a different type of beauty and wonder to it than during the tourist-packed summer season. You'll find that hotel prices, car rentals, and other key travel costs (including flights) are far cheaper during these off-seasons than during the peak travel time--up to 50% cheaper, in fact, from personal experience.
There are lots of great tourist guides that offer cheap alternatives to the fancier accommodations, as well as helpful hints as to places with discounts for students, seniors, etc. My very favorite guide is the Rough Guide, which has tons of locations covered. 
Lonely Planet and Let's Go are good guides too, constantly updated with cheap places to stay and visit.
Hostels are great places to stay for cheap. There are hostels all over the world, for the most part, and they are relatively safe. As for cleanliness and comfort, obviously that varies, but if you're willing to sleep dorm-style in bunk beds with bathrooms down the hall, you can get by all over the world for much cheaper.
Travel Guides
Now THIS is what I'm talking about!
Where to start?
Sites like Cheaptickets.com and Cheapflights.com can really come through for you if you're willing to be flexible with travel schedules. They're a great way to start planning an affordable yet awesome vacation!
 | Cheapflights.com
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 | CheapTickets Air
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