News on bbc

Fergus will be back on BBC on Wednesday this week on the John Beattie Show on BBC Radio Scotland just after the 1pm News with some great tips to help organise your money and understand your consumer rights. 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.

Moneysucks? is:

Travel safe this summer

Only a week or so until the schools finish for the summer holidays and many of us will be getting ready to make our annual trek abroad, or to somewhere in the UK in the hope that there might be more sun here this year than in France or Spain or Greece. If you have booked your holiday already but haven’t arranged your travel insurance yet then please go and do it as soon as you have finished reading this. The reason for this request is simple, and it really will be in your interest to act on this sooner rather than later. If something happens to a close relative between now and your holiday and you haven’t arranged your travel insurance then you won’t be covered if you have to cancel your trip. That’s why you should always do them both at the same time. 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. 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.

Make sure that the policy you buy covers the things you need it to cover. If you take expensive cameras on holiday, for example, then makes sure your travel insurance covers loss and accidental damage as well as theft.

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Scammers are getting more and more sophisticated as BBC News reported earlier this week and as we reported last week. Make sure you read both stories and do all that you can to stay safe.
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.