Every few years, a new Central American country gets crowned "the next Costa Rica" -- meaning it's relatively safe and bursting with natural beauty, but it's not yet expensive and overrun with tourists. This year, Nicaragua is working hard to earn the title. Volcanoes, rainforests, rivers, and Caribbean beaches lure travelers looking for off-the-beaten-path adventure on the cheap. But as the term "the next Costa Rica" implies, if Nicaragua becomes more popular in the years to come, it will likely become more expensive as well. Until then, expect to be able to spend as little as $20 per day, or live the high life for not a whole lot more. Note that many see the recent constitutional amendment that removes term limits on the presidency as a potential threat to democracy, but it seems unlikely that there will be any immediate effect on travelers.