This is Money Podcast What is revenge saving and could it help you build up a pot of cash?
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Sep 26, 2025 Revenge saving is trending, promoting a shift in how people approach savings. The hosts explore the concept, contrasting it with revenge spending, and suggest a mind-trick method for better habits. Interesting insights include a little-known government savings scheme that offers bonus payments and the value of a current account with a high interest rate versus its monthly fee. Plus, discussions around new HMRC powers to recover debts directly, and answers to listener questions about state pensions add to the financial fun.
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Revenge Saving Is A Social Habit
- Revenge saving flips pandemic-era revenge spending by deliberately hoarding cash instead of splurging.
- It often works as a social, community-driven habit-forming tactic rather than a high-yield strategy.
Start Small And Automate Savings
- Ignore headline interest rates when starting to save and focus on building the habit with small amounts.
- Automate deposits and visualise your pot as a snowball to make saving effortless and motivating.
Piggy Bank Surprise Built Confidence
- Georgie describes saving loose change in a ceramic pot and accidentally getting £350 when she broke it.
- The story shows low-friction, hard-to-access methods can build surprising confidence and balances.