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Lower Your Travel Costs By Booking Hostels Old or young, staying at hostels during your travels can save you some serious cash. If the high price of hotel rooms is keeping you from taking a vacation, don't despair. The money you will save by booking hostels instead of hotels can lower your travel costs significantly. What exactly is a hostel? Created in Germany by a man named Richard Schirrmann, the first "youth hostels" were part of a charitable movement to allow underprivileged youths to experience a country setting. To teach them a good work ethic, they were also required to care for th...