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Money leftover after bills and rent watch

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    I’m currently looking for a new place to live and trying to work out my budget for rent. I’m working full time now with an ok salary (just under £1500 after tax) and going to be a mature student in September. I’ll get the max loan as I’m independent from parents for the right amount of time etc and will be working a couple of shifts a week to make sure my monthly income inc student loan will be similar to what it is now (will be working full time from June - September each year)

    My monthly outgoings excluding house bills (water/electric/has/council tax etc) are around £480. This includes food, petrol, car finance, phone bill, pet insurance (I have a dog), dog food, that sort of thing. It’s higher than s lot of people my age (24) due to the car and dog, I often think how much money I’d have if it wasn’t for that but then think how dull life would be - it’s definitely worth it!

    So I’m thinking £500 inc bills would be my rent budget. Which means I’d have around £500 left per month max. Is this enough? I have a big overdraft to pay off, fees are £20 a month so I do want to pay it off ASAP but not too stressed about it. I was very worried about saving money but I’ve now decided to concentrate my uni time on paying off overdraft/credit card and when that’s done I can start saving.

    I’m not a big drinker so don’t spend heaps of money on that. Buy clothes occasionally but no max shopping sprees.

    Do you think £500 (probably slightly less) leftover is enough? How much do you have leftover each month?
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    Thats a good monthly saving imo
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