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Fergus will be back on the John Beattie Show on BBC Radio Scotland on Wednesday just after the 1pm news with some great tips to help organise your money and understand your consumer rights. This week he'll be looking at the best way to spring clean your finances at the beginning of a new tax year. Catch up on previous shows here

Moneysucks for musicians

Have a look at the first part of our new series on how musicians can best maximise and protect their income from their own words and music.

Are you travelling safe?

Much has been written during the recent spell of bad weather about passengers rights when airlines fail to deliver on their promises to get you on holiday on time, or indeed back from holiday on time.

One of the most important issues about holiday travel has perhaps been a bit lost in all of the talk about consumer rights. And that is the importance of having adequate travel insurance. Most travel insurance policies will cover the sorts of delays faced by passengers recently. But they cover a lot more as well.

If something happens to you or to a close relative between now and your holiday and you haven’t arranged your travel insurance then you stand to lose a lot of money if you have to cancel your trip. That’s why you should always arrange your travel insurance at the same time as you book your holiday. Book your holiday and buy travel insurance. Don’t do one without the other.

And make sure that you buy a policy that is right for you.Travel insurance policies are not all the same.  Don’t just buy the policy that the travel agent recommends and don’t just go online to a comparison website and buy the cheapest policy you can find.

I’ve said it before but I’ll say it again. Cheap is not the same as good value. There are lots of travel policies out there that cost very little. But they will pay you back very little if you have to make a claim. Perhaps because the excess is so big that you don’t bother claiming. Or because the maximum amount that you can claim for any one item is small in comparison to the value of that item. Or, worst of all, the item lost damaged or stolen is not covered by the policy at all and you didn’t realise that because you didn’t check the policy wording when you bought the policy.

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It looks as if the Financial conduct Authority might be about to take action to help so-called 'mortgage prisoners', borrowers who have loans with companies that are no longer trading.
60 Second Tips

In a brand new series listen to and watch Fergus Muirhead here as he explains common money and consumer issues in less than one minute.
This series will build up over the next few months into a valuable library of money and consumer tips, all delivered in a simple and straightforward way.

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