{
  "id": 14082897,
  "title": "Expert unveils plan to stop lifestyle inflation early",
  "url": "https://urgent.news/2026/10/13/expert-unveils-plan-to-stop-lifestyle-inflation-early-14082897",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T00:53:26.000Z",
  "source": {
    "name": "Punch",
    "slug": "punch",
    "url": "https://punchng.com/expert-unveils-plan-to-stop-lifestyle-inflation-early/"
  },
  "original_language": "en",
  "account": "Financial expert Gloria Onosode of FairMoney Microfinance Bank has unveiled a plan to prevent lifestyle inflation at an early stage. Onosode, who serves as the Director of Enterprise Sales at FairMoney Business, argues that traditional financial wisdom of waiting for a raise or promotion to start saving is a flawed approach. She contends that as incomes rise, so do expectations, responsibilities and living costs, making it increasingly difficult to build wealth once high-earning status is attained.\n\nAccording to Onosode, individuals must embrace a proactive financial mindset that aligns with their current earnings. Instead of waiting for future income growth, she urges consumers to adopt key financial habits that safeguard wealth from the onset. These habits include tracking cash flow, managing recurring expenses, establishing an emergency fund and dividing any income increase between present-day and future financial goals.\n\nOnosode points out that consistent saving, even in small amounts, can lay the foundation for a sustainable financial habit. She highlights modern financial infrastructure that can help maintain this discipline by physically separating daily spending cash from long-term reserves. She emphasizes that money intended for tomorrow should not be mixed with money available for today's spending.\n\nAnother crucial aspect of Onosode’s plan is responsible credit management. While credit can help manage legitimate financial needs, she warns against using loans to pay off existing debts. Instead, she advises borrowers to carefully evaluate loan terms and ensure repayments fit comfortably within their existing income without compromising essential living necessities.\n\nIn her concluding remarks, Onosode encourages individuals to redefine their concept of financial success. According to her, wealth creation does not require feeling rich; rather, it starts with building financial habits that make wealth possible.",
  "summary": "A financial expert has introduced a strategic plan to help individuals stop lifestyle inflation by building wealth with their current earnings. Read More: https://punchng.com/expert-unveils-plan-to-stop-lifestyle-inflation-early/",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Punch Nigeria",
        "title": "Expert unveils plan to stop lifestyle inflation early",
        "url": "https://urgent.news/2026/10/13/expert-unveils-plan-to-stop-lifestyle-inflation-early",
        "published": "2026-10-13T00:53:26.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}