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How can this be achieved?

check ( cpu_billable_time < 500 ), " sorry, this code won't let you spend more than 500 µs in billable time, please try again later");

This is aside from the max_transaction_cpu_usage in the json.

From what I've read, this may not be possible, any other suggestions? Otherwise, how can my contract save the amount of billed CPU?

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there's no way at this moment to achieve what you want: to limit your account to not spend more than 500 µs in billable time.

here's more info related to your question: Getting account CPU usage in smart contract

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