• Commentary

Analyze Your Insurance as Part of Your Financial New Year’s Resolutions

Every New Year provides a natural opportunity to start fresh. Now is a great time to reflect and start thinking about how to commit to goals for the upcoming year. Whether you are looking to save money, improve your budget, or pay off debt, 2022 offers a fresh start. U.S. News & World Report’s Geoff Williams reached out to the experts to get advice. Then, those experts weighed in with their top tips for readers to incorporate in their financial New Year’s Resolutions.

ISEG Research Fellow Siyu Wang Shares Her Top Advice for Financial New Year’s Resolutions for 2022

On November, 2021, Geoff Williams quoted Dr. Siyu Wang, Research Fellow of the Institute for the Study of Economic Growth (ISEG), as a behavioral economics expert. Dr. Wang gave a key tip in the article “12 Financial New Year’s Resolutions for 2022” in U.S. News & World Report. She recommends analyzing your insurance to find major opportunities for smart financial changes.


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In addition to reviewing health insurance options, it can also pay to look at any other policies. If you own your own home, you should review your homeowners insurance. Changes in real estate value and replacement costs could mean you are underinsured. Alternatively, your policy may have increased in cost so much over time you may be paying too much. The same is also true of your car insurance. In fact, if you shop around you may be surprised at the savings.

One final area to consider is your life insurance. Making sure you have properly setup your beneficiaries for your current situation is important. After all, preparing for the future is all part of the reason people focus on their financial New Year’s Resolutions in the first place.

Read the whole article at U.S. News.