Money matters, I am with you. Why the hell a nice holidays have to mean more debts? You have some cash but that's all. And by the way, convincing your bank to give you an extra loan to finance your boat trip is going to dificult, so better do not talk about what will your wife will say.
If you are coming to Mallorca with some friends and they do also have in mind to hire a boat, you can just share the spenses of hiring the boat and it will become affordable. And it also will at the same become more funny.
Nice ones can be found during high season for a low as 700 Euro. They do normally fit from 6 to 8 people in, so just divide and see that it will not be really expensive. Keep in mind the skipper, that cost 150 Euro and that, if any of you is not really an expert, would be needed. In fact some companies will not rent big ones without his own man on board. So if all you agree just hit the "back" button to read the first article: Yacht Rental: Big Budget .
But agreing with friends to be a whole team is usually as dificult as is sharing 50 square metres with 8 of them. And although it could be funny, you will really prefer a romantic and calm trip with your mate. Well, not a bad choice.
Companies like Cruesa offers packages that mix sailing with rural tourism and that are as cheap as 800 Euro for a 3 day sailing + 4 day agrotourism. And more: by request, they can also help you with you flight tickets or airport transfers, as well as provide you with scuba diving or windsurfing equipment. Do not hesitate to ask if you have any question.
In the Puerto of Soller, Barcos azules is another affordable option. From trips along the islands coasts (yes, Menorca, Ibiza and Formentera are also option) to parties (I have even organized an after wedding party boat with them), they have many options available to fit your pocket. Boats that fits from 11 people to up to 400.
There is no excuse now. Or maybe there is, as your plans does not involve a big excursion like these. Ready for a short sailing journey? Then continue with: Yacht Rental: no budget