another alternative ( or 2 ) is the sigma 105 f2.8 macro lens quite a few use this lens and get very good results but none of these lenses are going to give you closeups of a fly's eye ( or similar ) without extension tubes so keep that in mind if thats the type of photoraphy your thinking about
soo... really close macro work on a budget
bellows are a great way to go with a 50mm lens
any good quality 50mm manual lens a set of bellows and the relevant mount for your camera can be had for not a lot of money and can produce amazing results
doing macro work with existing kit presuming you have a 50mm and a telephoto lens of some description
invest in a reversing ring to attach the 50mm to the front of your telephoto lens and with a lot of fiddleing it's suprising what results can be had
on a more serious note i allready have a sigma 105 f2.8 macro lens and as good as they are i really wouldn't mind that fly's eye shot which really isn't acheavable with the lens on it's own so extension tubes is the way to go but these can be expensive for the hobbyist like myself so i was looking at the bellows option and i think thats the path i will take the reality is it's cheaper for the same results