So you've started "hacking" your way through oblivion. It is one heck of a game isn't it? So what led you to look into learning how to cheat oblivion?
Maybe you are stuck on a quest, or perhaps you are frustrated at how expensive spells are. Before you read a game guide and uncover the many ways to cheat, I suggest you think about this for a moment.
Oblivion is a very unique game, in that the developers have created what feels to be a living, breathing world. People in the game wake up, go to work, socialize afterwards, it all feels very real.
I enjoy this game greatly because of the openendness of it. You can really do things any way you want. You are given quests to complete but you need not complete them necessarily in one specific way. It is up to you to use your imagination.
If you are stuck I would suggest taking a break from that quest. If you can't find anything to do, well you need to look harder, because there are hundreds of hours worth of quests out there.
If you are in need of money, try using your head. What are the ways to earn money in the game? Figure out (I don't want to come right out and tell you) what some of the things are that you can do to earn the most money, and then do that repeatedly. Also, try not to worry about money for a bit and just start questing. Before you know it you'll have more money then you know what to do with.
The bottom line is that before you decide to cheat Oblivion, make sure you are not cheating yourself in the process!