GoDaddy is a one of the best domain name registrars and really recommend to manage your domains with it. In my experience it is a very good idea to have different companies that manage your domains and host your web-sites. It would be much easier to transfer your web-sites especially if it is the most popular registrar GoDaddy.

I've used lots of hosting providers. And many of them gave out free domains. Some of them offered unlimited bandwidth or disk space. The problem is that such hosting plans are limited anyway. Otherwise you may suffer from a slow speed of your server. I was forced to change 2 hosters with unlimited bandwidth because my web-site produced high server load. So there are no free things out there. And if you have multiple web-sites or web-sites producing high server load, I would recommend to rent a server. You may do it later on, but your search engine ranking may suffer because of the transfer from shared hosting to your own server.

I recommend to use WebHostingBuzz. It has very good reviews. And it offers a wide variety of web-hosting plans from budget to business ones. And they can also offer you VPS or Dedicated servers, so you can transfer your web-sites very fast if they grow or demand more resources.