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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.

‘Only Fools and………”

I saw this advert for the first time last week. I’ve helped several Moneysucks readers who have unwittingly spent hundreds of pounds on this type of ‘free game’ but its the first time I’ve seen the advert for myself.

And having seen it I understand how easy it is to get sucked in. The voiceover for almost the entire time the ad is on screen highlights the fact that you can win £500 by entering a free competition. All you have to do is answer a very simple question. And it’s deliberately designed with a very simple question so that the difficulty of the question won’t deter people from entering.

But then you read the small print. It’s devastating! the first week of the competition might be ‘free’ but then you’l be automatically charged at the rate of £4.50 per week unless you opt-out. The small print continues “To opt-out of future competition weeks, text stop to 78070 after entering.”

So you get one free shot at the £500 prize. Then you need to remember to opt-out of any further involvement or you’ll be out of pocket.

My advice. Don’t answer the question, don’t get involved.

Stay away from any games like this altogether or the only fool might be you rather than the fool in the question!

 

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News
The Daily Record's Mark McGivern has been doing some great work exposing the ticket touts who are ripping off sports and music fans. Let us know if you have been ripped-off by ticket touts when buying tickets for your favourite band or sporting event.
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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