If you are looking for ways to make your travel dollar go farther this year, you may want to consider renting a private island with a group of your friends and family.

A great example of frugal, yet fun islands is Enchanted Island in Panama. The island which rents for just $2,500 a week can accomodate up to six people.

 The island which is located in Bocas Del Toro is adorned with a beautiful home that is divided into two sections-the front master suite and the back master suite. The house also features a beautiful kitchen featuring a double stainless steel fridge and 5 burner stove.

The island is designed for travelers looking to get away from it all, therefore there is no television or phone on the island. However, the island is ideal for snorkeling and scuba diving.

For more information on this beautiful island retreat visit Private Islands Online. And Stay tuned for more recession friendly islands.