Before starting a month, it is very important to chalk about financial strategy, which one has to abide by till the end of the month. The first day of the month, for instance, presents an individual with the opportunity to make any possible changes to the previous strategy, which might have had shortcomings.

So, here are a few tips cited by professionals which you can adapt to manage your finances for April. These are- 

• Examine your expenses at the beginning of the month very carefully. This will help you to then reallocate the money from whatever expenses you can afford to cut or set aside for use in other places. 
• Financial experts have advised taking time at the beginning of each month to examine your accounts history and transaction records and to post about the previous month’s income and net worth. Writing and publishing these numbers allows the users a chance to hold themselves accountable for all the expenditures.
• Chalk out a monthly budget plan. Start with small steps like how much you’re gonna spend in April. Starting to budget is one of the most effective and achievable financial goals for April. It not only helps you to save money but also to have a more intricate structure of your monthly spending.
• Pay off all the due debts to avoid paying a certain amount of money as a fine.

Now, after checking off these points, let’s talk about how to secure a personal loan.

A personal loan is a type of instalment debt that can be used to cover a number of personal expenses, and it can be borrowed from any commercial bank or financial institute for manifold personal purposes. 

A personal loan is an unsecured loan as the lender, or the lending organization doesn’t ask for an asset as collateral in case the borrower fails to repay the loan amount with interest at the end of the tenure. The money one borrows must be repaid over time, typically with interest. Some lenders may also charge fees for personal loans. While applying for a personal loan, consider the credibility of your CIBIL score, interest rates and other fees and charges required. There are several websites that have thorough information on the policies for applying for a personal loan in a particular month. 

But there are several common factors to be kept in mind while applying for a loan. These are-

• The first step in choosing a personal loan is knowing how much you need. Evaluate an amount that you need to opt for while applying for a personal loan. Consider your need before eligibility while applying for a personal loan. A personal loan is one of the most expensive forms of debt, so there’s absolutely no need to pay interest for an amount of money you don’. This just increases the burden and the debt. So think wisely before applying.
• You need to apply for a personal loan either at a bank or to an individual lender. So it is advised to choose the lender very wisely.
• Interest cost is not the only cost that you have to bear. There are other charges too. Consider the following costs. There are several fees to be considered while opting for a personal loan, like processing fee, pre-payment fee and late-payment fee. It is very important to check whether you are able to afford a personal loan. This is where the budget-making at the beginning of the month comes to use. It gives you an idea about whether or not your monetary condition is favourable for a personal loan.
• Keep your CIBIL or credit score high. The higher the score, the better is the credit history, and the lower is the interest rate. A score above 700 is considered to be a good CIBIL score. So, if your current credit score is low, pay off the debts and take all necessary measures to shoot up the score before applying for the loan.
• Nobody has a better idea about your repayment capability more than you do. If you think your financial condition or your income flow is not smooth enough and you won’t be able to keep up paying off the monthly EMI and down-payment, don’t apply for the loan. Make sure there’s enough money flowing in every month before you take a big leap.

 In conclusion, start the monthly financial cycle for April, take notes from the points mentioned and make choices very wisely.