I'm renting a room at $800 per month.
I've lived here 2 months and I have a contract of 12 months. So, I have 10 more months before the contract ends.
I have deposited $1300 as a security deposit.
Based on the contract, if I wanted to move out before the contract ends (this is allowed), I should either: 1. Find someone to replace me and continue the contract 2. Move out without taking back the deposit
I found a room at $500 per month which is $300 cheaper.
Finding a replacement is difficult and time-consuming.
So, I'm thinking to just move out without taking back the deposit so that I can save $300 per month for the upcoming months.
Is this action financially worth it for me? I'm thinking that, if I continue to live longer or if I'm taking too long time to find a replacement, I will lose more money amounted at $300 a month.
Of course there are some drawbacks like location and etc. However, after a thorough calculation, those drawbacks can be tolerated due to financial situation.