You would not want to be cash-trapped while you are abroad, take time to prepare, plan and Japa!

1. Budget for Pre-Emigration Expenses: Assess costs for passports, visas, medical exams, and potential legal or immigration consultant fees.

2. Save for Travel and Relocation Costs: Estimate travel expenses, including flights, initial accommodation, and moving belongings internationally.

3. Research Cost of Living: Investigate the living expenses in the intended country to create a realistic monthly budget.

4. Emergency Fund: Build an emergency fund to cover unexpected costs for at least 6 months post-arrival.

5. Secure Health Insurance: Plan for health coverage, either through private insurance or by understanding the host country’s health system requirements.

6. Understand Tax Obligations: Familiarize yourself with tax responsibilities in both Nigeria and the destination country to avoid legal issues.

7. Debt Management: Manage and plan for any outstanding debts, and understand how emigration affects your obligations.

8. Educational/Professional Credential Planning: Budget for credential evaluations, additional certifications, or education required in the new country.

9. Income Planning: Have a plan for securing income upon arrival, whether through employment, business, or investments.

10. Investment and Asset Management: Decide what to do with any assets or investments in Nigeria. Consider liquidation, management, or rental strategies.

This financial preparation plan should be tailored to individual circumstances and the specific requirements of the destination country.

Individuals need to conduct thorough research or consult with financial and legal advisors to ensure a comprehensive financial and law-abiding strategy for their 'Japa' journey.

Best regards,
Japa App!