Conflicts about Tournaments

I wasn't sure what to title this. But my problem is that there is a tournament in June and my instructor is peer pressuring me into competing in it. Don't get me wrong I love competing because it allows me to reach further into my potential. Though having just graduated with college I'm struggling in debt and would rather work than compete in the tournament. My instructor really doesn't seem to understand this struggle I'm having. So I feel like I have to lie to him about it that I'm planning to compete at least after our next grading this month then I plan to disappear until the Fall when I can return to the studio normally.

So I was wondering what else I could really do to make him understand that I much bigger commitments I have. My fiancee said that my instructor probably gets something out of me competing since he doesn't really have any selling points for me other than I could get the end of the year thorpy at the banquet but I really can't stand fancy events since my fiancee already makes me go to those types of thing and if I can avoid another one then I wouldn't have any complaints about that. So is there any nice way of telling my instructor about how I'm feeling?