Before You Japa: Here Are 6 Smart Money Moves for your Relocation Dream
If you haven’t heard the word “Japa” lately, where have you been? In today’s Nigeria, the word “Japa” carries more weight than ever. For many young persons, students, and dreamers, relocating abroad has become more than just an idea, it’s a serious plan and an escape route from Naija wahala.
Let’s be honest; Life in Nigeria is almost like a weapon fashioned against you, and relocating feels like the ultimate solution.
But as exciting as it sounds, relocating comes with one key factor that’s often overlooked:
Money. Whether it’s Canada, UK, or “Yankee,” if you don’t plan your finances properly, you might find yourself struggling in ways you didn’t expect.
From visa fees and proof of funds to flight tickets, rent deposits, and day-to-day expenses, leaving the country isn’t cheap. Yet, many people spend so much time planning the destination… without preparing the finances that will take them there.
Here are six (6) smart financial tips you should consider before you relocate
Everyone wants to relocate – but how ready are your finances?
Truth be told, relocating is a project. It requires emotional, mental, and especially financial preparation. You don’t want to end up opening a GoFundMe because that seems to be the trend and that’s due to inadequate planning. Well, also, you know, life happens. Ask yourself these questions:
- How much have I saved?
- Can I survive 3–6 months abroad without a steady job?
- Have I considered all the hidden costs?
If don’t have any of the locked in, my friend – abort the japa mission.
Manage expectations; abroad is not a perfect paradise
Yes, you’ll enjoy better infrastructure and stable electricity, but bills abroad are very real. From rent and taxes to transportation and groceries, every expense adds up quickly.
Do your research before you go.
- Visa fees
- Proof of funds
- Rent deposits
- Tuition fees (if you’re going as a student)
- Healthcare, insurance, and other “wahala expenses”
Organise your finances before you travel
- Save in foreign currency if possible.
- Build an emergency fund to cover unexpected costs.
- Learn portable, high-demand skills such as coding, design, writing, or project management.
- Also, consider fixed income investments, mutual funds, and dollar savings accounts while you’re still in Nigeria. Even a small stash can go a long way when things get tough abroad.
Develop multiple income streams
Don’t depend solely on your salary to fund your relocation plans. Start a side business or freelance service: Remote work, E-commerce, Online tutoring, Digital services.
Every extra dollar or naira you earn now gives you a softer landing abroad.
Keep your Nigerian assets active
Even after relocating, don’t neglect your investments at home:
- Real estate
- Treasury bills or mutual funds
- Reliable business partnerships
- Family financial responsibilities (with clear boundaries)
Relocation is not a guaranteed “soft life”
Life abroad comes with its own challenges:
- Finding a job may take longer than expected
- Cultural differences and isolation are real
- The cost of living can be high
- You’ll need to work hard to build stability
Relocate with a plan. You’ll need grit, humility, and hustle to survive and thrive abroad. So prepare your mind and pocket alike. Save consistently, invest wisely, and prepare both your finances and your mindset. Again, if you must japa, japa with a plan and sense.
Ready to turn your Japa dream into a smart, financially secure reality? Don’t just pack your bags, pack your bank account with the right plan. Start saving, investing, and preparing today. Follow us on Instagram, Twitter, and LinkedIn @AAAFinanceHQ for everything finance.
Visit our investment page for a list of investment opportunities we offer to help you plan your finances and investment while you japa.
