Latin America has amazing cheap vacation spots that are great options for those backpackers who decided to venture out on a trip with little budget. 

Backpackers and savvy travelers always aim to find the cheapest rates without affecting the fun of traveling. The best way to make the most of your time and money on a trip to Latin America is to devise a detailed plan.

According to Layer Culture, transportation costs can quickly drain your travel budget regardless of the country you visit in Latin America. However, taking a bus across Latin America is the most cost-effective method of transportation. Buses are the region's most common mode of transport, but road conditions vary widely from country to country.

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Latin America: Top 3 Cheap Vacation Spots

Though taking standard precautions is always a good idea, taking a bus trip can be a lot of fun. You will not only save some cash, but you will also gain genuine experience.

You will get to mingle closely with the locals, enjoy the stunning surroundings, and gain insight into the customs and lifestyle of the area. Below are the cheapest vacation destinations in Latin America that you can visit on a budget.

Colombia

Colombia is a great place to visit because it is relatively inexpensive compared to other Latin American countries. Do not be scared off by what used to be a "dangerous" reputation, as Colombia is a beautiful destination with lots to see and do and is now completely safe for tourists.

Cartagena is a beautiful colonial city full of color, while Bogota and Medellín offer a pulsating nightlife scene. Moreover, nature lovers should not miss Tayrona National Park or Valle de Cocora.

Traveling around Colombia for $35 per day using public transportation, eating at inexpensive restaurants, and lodging in affordable hostels is possible. According to Travel Off Path, the minimum monthly income required to qualify for a Digital Nomads Visa in Colombia is $684.

Bolivia

You can have a fantastic holiday in Bolivia for just $25 to $30 per day, making it one of the cheapest vacation destinations in Latin America. Backpackers think this is the best value destination in all of Latin America. Depending on where you go, you can get incredibly cheap and filling food in Bolivia, which also has cheap beers.

A great thing about Bolivia is that it is home to some of South America's most exciting tourist destinations. You will need help choosing which of the many tourist attractions to see. Two of the most exciting areas in the world are the Amazon rainforest and the Uyuni salt flats. You can also travel to La Paz and Sucre, the Train Cemetery, and numerous national parks.

Paraguay

While Paraguay is one of the cheapest vacation destinations in Latin America, many tourists generally skip it in favor of more popular destinations like Brazil, Argentina, and Bolivia. The Rio Paraguay divides this landlocked nation into two regions: the western and eastern halves of the massive river.

The Gran Chaco, also called Dry Chaco, the biggest dry forest environment in South America, and the Pantanal, the largest tropical wetland in the world, are separated by this division. The capital city of Asunción is home to nearly two million of Paraguay's roughly seven million people. As foreigners are still relatively uncommon, you should expect the locals to be very interested in and welcoming of you.

The country's relative lack of tourists could make you wonder if it is safe to visit. Though crime in Paraguay is thought to be minimal, it is still recommended to avoid flashing your money because this may attract pickpockets or con artists. A budget hotel in Paraguay costs $12.00, a private room is $30.00 a day, and you can eat at a budget restaurant for $2 to 3 per meal.

READ MORE: Traditional Latin American Diet 

This article is owned by Latin Post.

Written by: Bert Hoover

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