If you are traveling alone stay at hostels. Very, very easy to meet up with people to see the sights and then hit the bars at night. However, they are not as cheap as they once were and it is nice to stay a night at a proper hotel once and a while.
Bring condoms, don't be dumb.
Eurail can be great value if you are going to do a lot of train travel. However, if you take overnight trains there will be a cost over and above the Eurail pass, those prices can range all over the place. If you are traveling in the summer it is a smart idea to reserve your seat out of a place the day you get there. It sucks to be stuck in a place because the trains are full, trust me.
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