January Mailbag: Credit Scores, Bitcoin Investing, & Term Life Insurance

#90 For this episode, we asked the mamas in our free Mamas Talk Money Community on Facebook to send us their questions. If one person in our community has a question, there are no doubt others wondering the same thing. Today we’re going to discuss increasing credit scores, Bitcoin investing, finding the best provider for term life insurance, and more!  (05:05) Christine asks, "I recently opened 529 plans for my children, and while I was there, the representative told me that I should keep depositing into my 403b and before I retire transfer the money into a ROTH IRA, does this make sense?"​  (10:56) Christine had a second question, "My children now have debit cards. What rules should I set up as far as making purchases? 

 (16:59) Court wants to know, "What is your advice regarding credit cards? I was a die hard Dave Ramsey fan and when I began my debt free journey in January 2015, I did need to get rid of all credit cards because my spending was out of control. Now, my husband and I are about to buy the house we’re renting and payoff our van loan. 
 (28:14) Nancy says, "What is your take on Bitcoin investing?"  
 (41:35) Amanda asks, "Hubs and I are saving up to do some home renovations in 5 years. I am toying with the idea of putting it into our brokerage account so that it can get better growth than in a plain savings account. I want to continuously add money so a CD is out. Other than the possibility of losses from potential market dips, what kind of tax implications could I see from my brokerage path?"  (48:19) Tiffany says, "Where do I start for figuring out term life insurance for my husband and I? There are so many options online!! I have a small policy from work, but I know it will never be enough."  Looking for more information, mama? Visit the show notes at https://www.smartmoneymamas.com/90 Grab your FREE Money Mamas Guide to Investing Template: https://smartmoneymamas.com/mamas-investing-guide/