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Original poster

On a mission to get to 100k (saved)...

28 replies

itsallabitmuchx · 08/08/2025 15:15

Hi all.

I am 28f on a mission to reach 100K 'saved' by the end of the year.

For context, I have saved since I was a teenager. I had a part-time job from the age of 13 and always had it drummed into me that I needed to save 30% of it. Fast forward to now, I have tried to save as much as I have been bale to (there have been some years I haven't been able to save much at all), but find myself with nearly 90K due to compound interest and some entrenched habits etc.

It should be noted that I do not own my own home (yet) but am hoping to in the next 2/3 years or so. I have never received a penny from my parents nor any inheritance (all grandparents have passed but was not left anything) so this money is all of mine and I am SO proud. I come from a very working class background and have always known I would have to rely on myself and no-one else in order for any emergencies, house deposits, etc etc.

My money is split via the following:

HTB: 12,800 ish
FR Isa: 15,700 ish
Atom FR Savings: 53,000

Anyway.....

I WILL get to 100k by end of this year if it breaks me haha. Any tips?! HAs anyone else managed to achieve this? Where is your money split? Could I make better use of mine?

Thanks :)

OP posts:

iamnotalemon · 08/08/2025 18:41

@Crushed23

To be honest, I am single, so no practical advice 😂 but I worked in family law and have heard enough horror stories to know that’s what I’ll be doing when I meet someone. No, it’s not romantic and won’t be a fun conversation to have, but it’s practical. I’ve worked hard for what I have and I’m not risking that.

healthybychristmas · 08/08/2025 21:05

caringcarer · 08/08/2025 17:29

I have invested heavily into property. Over the years house prices have really gone up and I now have well over a million in houses not including my own home but as usual if I sell I will be hammered by CGT. I'm waiting until Labour leave power and hoping Reform get in because they will reverse punitive CGT. You are doing great on your savings but I expect you'll also be taxed heavily on them.

Oh FFS they only have four MPs! You do know there are 650 MPs in parliament and they would need a majority to gain power, don't you?

mooting · 08/08/2025 22:11

@itsallabitmuchx well done, but you'd have got there a lot quicker if you'd invested rather than saved. It took me a long time to learn this too though.

Martin Lewis did a very good beginner's guide to investing recently: https://www.bbc.co.uk/sounds/play/m002g66s

The Martin Lewis Podcast - A beginner’s guide to investing… who should, how much & where to do it - BBC Sounds

Martin Lewis on Saving v Investing: which is right for you and how to do it…

https://www.bbc.co.uk/sounds/play/m002g66s

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