This is a big deal for me, so I'm planning it well in advance for early 2015. I'm going for two full months because I can, since being there costs less than getting there. My cousin is a flight attendant, and he'll be coming too. We'll have a lot of fun together, but he'll only be going for a couple of weeks.
As for the money,
If a penny not earned is a penny lost, then this is by far my biggest expense. I don't have anywhere near that much vacation time. However, every minute I'm not being paid for is a minute I didn't have to work, so it's hard to deny that it's worth it. I haven't had more than a week off at a time since I became an adult, so this will be a new experience for me.
This will be the second biggest expense for sure, even if my cousin the flight attendant can get me a deal. If he can't, I'm confident I won't be paying more than $1,500.
I will still be paying my rent here at home, but I was going to do that anyways. I've really only started my search, but I've already found some reputable extended stay hotels in the neighborhood of $250 a month. I might end up paying a little more to be within walking distance of public transportation and attractions.
The conversation rate there is amazing. I could live like a tourist on my normal disposable income here. That having been said, I'm planning to spend a couple of hundred extra a week living it up.
In total I will be spending about 30% of my yearly take home pay on 16.5% of the year. I think I can live with that, but if anyone asks, I'm there planning my retirement.