I also quit my job back in June; took some community college classes last semester while applying to programs, and now I am just, ya know, living with my parents, constantly checking my email, or looking for fellowships/scholarships to apply to while sometimes doing yoga. Ah, the life I always dreamed of (not at all).
I've had a couple of job interviews for really great places, but every time they ask me about my immediate future plans I can't lie! For whatever reason, employers much prefer a two-week notice to a 6-month one. I better get into grad school because it's really messing up my job prospects right now.
I do have some savings and would love to do some traveling this summer as well. Going back to Spain, where I studied abroad a few years back, is at the top of my list. Who knows if it will happen, though. For those traveling--where are you headed?