For hosting common files it's ok. Also it is on Android too do, great to transfer files between your Windows and your phone. But if you want better security you have to subscribe a monthly offer.
Connectify Hotspot - Connectify Me hotspot is a PC app that turns your computer into a Wi-Fi hotspot.
Dropbox - Online Sync and File Sharing
mHotspot - mHotspot is a completely free software which converts your windows 7 & 8 laptop into a virtual wifi router and creates a secure wifi hotspot.
Google Drive - Access and sync your files anywhere
Maryfi - Maryfi is a software program designed for laptops to start their own wireless hotspots.
Mega - Secure File Storage and collaboration