Originally Posted by Mystery Fan
I know this may sound harsh but since you asked....cancel the cruise and pay the card off. The crow you eat when you tell the two other families isn't going to taste very good but YOU CAN'T AFFORD TO GO, period.
On the other hand, pull from your retirement accounts and see what the IRS does to you next year. Maybe you can send the IRS a note and explain that your peers pressured you into going and see how that flies.
Personally, a few years back our family left for a Disney cruise at Thanksgiving and we didn't have the money, so we stayed home. Once had to cancel a booked cruise because of work related issue too.
I like the note to the IRS, that could work. Wait a minute, many retirement plans allow for a loan. I'm not a tax adviser, but you may not run afoul of the Man if you go that route.