Even so, it could pay to take a close look at your dad’s finances with an eye for budgeting. For instance, insurance is likely something your dad is overpaying for. According to a report from the Consumer Federation of America, (5) homeowners’ insurance premiums rose by 24% on average over the last three years. In fact, average homeowners' insurance premiums per policy increased 8.7% faster than the inflation rate between 2018 and 2022, based on data from the U.S. Department of the Treasury (6).But your dad ...