Gas Down Slightly? Redirect the Savings to Your Grandkids

Gas Down Slightly? Redirect the Savings to Your Grandkids

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What’s happening

Gas prices dipped heading into fall. AAA reported the national average fell five cents in the week ending Sept 25 to $3.15, helped by lower seasonal demand and the cheaper winter fuel blend.

As of early October, AAA’s live dashboard still shows the national average hovering just above $3.11—lower than a month ago. The U.S. Energy Information Administration also reports late-September prices in the low $3s.

Why it matters for your family

When the tank costs a bit less, that’s real money back in your pocket. Rather than letting it get absorbed by everyday spending, make it meaningful. Redirect a small, steady amount each month into your grandchild’s account—you’ll barely notice it, but it can add up over the years.

What you can do today (10 minutes)

  1. Open a UNest UTMA—a custodial account for your grandchild.
  2. Set a $25 monthly auto-gift. Tie it to your pension, Social Security deposit, or another date that’s easy to remember.
  3. Share your UNest gift link with a family member and invite them to “match the gas savings.”

Small, predictable contributions can make a big difference over time—especially when started early and set to run automatically.

Open a UNest UTMA and start contributing monthly today.

UTMA vs. 529 (simple)

  • UTMA: A custodial account for a minor. Funds must benefit the child and can cover more than college—like laptops, braces, or sports fees. Gifts are irrevocable, and assets generally transfer at your state’s age of majority.
  • 529: Education-focused with potential tax advantages for qualified education expenses. Rules vary by state.

If budgets are tight

Start small but steady. Even $25 per month keeps the habit alive. You can pause or adjust anytime – what matters is consistency, not perfection.

FAQs

  • What if gas prices rise again? You can lower or pause your transfer anytime. The goal is maintaining a realistic, ongoing habit.
  • Is a UTMA “safe”? A UTMA is an investment account, not a savings account; investments can lose value.
  • Can family contribute? Yes—share your UNest gift link so relatives can easily add funds.