Hmm... This all good advise. My only concern is actually GETTING an entry level job. I'm going to receive a BA in Classical Humanities so it's not like I'll have a relevant degree to any job to which I may apply (unless I teach) and I'm really concerned about that. Also, I'm right now under my parent's health insurance and that would be lost if I took a year off, another financial worry of mine. What would be a good entry-level job to take? Again, I understand the benefits of it all but I'm not sure I CAN get a good, fairly well-paying job that will allow me this freedom.
Ha! I can relate as an English/Poli Sci major. The job market really sucks right now for any major, let alone anything with the liberal arts. From my experience, I found that most professional people didn't seem interested in hiring me when they found out I was going to law school. With the amount of planning that goes into law school and the admissions process, it wasn't exactly something I couldn't tell them. I went back to the BS job I had over the summer. Nothing great, but it makes money. When you take a year off, I'm not sure that it's critical to have professional work experience.
As for the insurance concern, you can find a decent plan to hold you over. I found cheap insurance with halfway decent coverage for around $60 a month until I can get back on my parents' plan at the start of school. No dental or vision or anything...just in case something big happens.
Is living at home out of the question? It's a helluva lot easier to save some cash living at home if it doesn't drive you crazy and if your parents don't mind.