Honeslty, until you have a reason to upgrade your weapon, like an event, it's really not worth it. I have a few stock TM guns that have lasted for years, but once you start messing with the internals, durability/reliabilty suffers.
$100 bucks will easily buy you parts like springs, hopups, inner barels, etc. But installing them is another thing you'll want to take into account. (i.e. whether you do it yourself or pay someone to do it)
On a stock TM M16 type probably the single best upgrade to get is a single piece metal hopup like this
http://www.airsoftextreme.com/store/index.php?main_page=product_info&cPath=443_444_450&products_id=1196You'll either need to heavily modify your stock TM Plastic Body or Upgrade the body to a Metal one. If you go the metal body route, that'll put you way over the $100.00 mark.