Dont understand mortgage etc. HELP!!!

hethmar

Perhaps you could check out locally if there are classes - evening or day time for learning some basics about finances and so on. Im sure you would enjoy it and it may give you helpful contacts.

Look on the net under your council and then adult education.

Do you buy newspapers at all? Most have a finance section in them at least once a week which may be of interest to you. (Mind you, you are savvy enough to get an ISA you said?)

Robin, if there were jobs testing video games (or mattresses!), my youngest son would have signed up years ago - it just dont happen - you need at least a degree in IT.

nuttymummy

lol no dont read newspapers....see this is why i dont read the papers, n watch the news, its just so depressing!

ive only just opened an ISA account....never even heard of one before but it was on my homepage of online banking n said i can save upto ...think it was around £3600 a year in it

RufusA

nuttymummy wrote: »

i currently make wedding cakes etc, and was maybe looking into setting up a business (like a part-time work at home job)..... trouble is i asked about this is another part of the forum and they said i would need insurance, health n hygiene certificates etc..... is that true?

I suspect it depends how commercial it becomes. If it's cooking a few cakes for friends, you could probably get away with it.

If you are preparing cakes for sale to the general public then your local Environment Health department will want to be involved and they'll probably want separate food preparation areas, storage, hygeine certificates if working with raw eggs etc.

Also be careful if running the business from home. Many housing associations and all council houses forbid you from running a business from your home. It would be heartbreaking if you got kicked out of your home because you were trying to raise a few extra pounds for a mortgage. Although if you have a friend who owns their own home, nothing stopping you from making cakes from their's!

Just be cautious, particularly if you have busy-body neighbours!

Rufus.

WTTM

nuttymummy wrote: »

dvardysshadow

thank you....believe it or not...and as pathetic as this sounds....i actually cried reading WTTMs comment and again....filling up now!

i currently make wedding cakes etc, and was maybe looking into setting up a business (like a part-time work at home job) that way i can look after the kids and make cakes whilst they are at nursery, napping, and when they have gone to bed.

trouble is i asked about this is another part of the forum and they said i would need insurance, health n hygiene certificates etc. but i was aiming only for part-time and maybe earning under X amount so i didnt have to pay tax....is that true?

My opinions are pretty hard at times, BUT honest.

Take time and learn to understand financial things like mortgages and you will then understand what you can and can't afford.

No point getting into a mortgage and then being made homeless when you can't pay your mortgage.

Before you even think about buying a house, you need to save up deposit, all associated buying/mortgage fees, possible re-decoration of new house and reserve fund for emergencies.

Know nothing about them but would shared ownership not be something to consider/investigate?


MOMENT

hethmar

As mentioned above, you could look into shared ownership - contact your council - or google for your council website and see if they give information on there about it.