Going through the usual channels ie tour operators, Thomas Cook looks about the cheapest, leaving Luton on 25th for a week going to Lanzarote S.C, price for 2 adults and 3 children works out just over £1100 pounds, Flight only is not much cheaper even with Easyjet.
The only alternative to suggest is wait for a late deal, First Choice usually have good deals if you book a couple of weeks before departure.