Using emotional intelligence, being organized and disciplined, saving and being informed about the economic environment are some of the recommendations made by experts. By Alejandra Clavería Managing personal finances can be a headache for many. Dividing income to pay bills, invest, save or allocate for extra expenses is not something everyone is willing to do periodically. However, being a good financial manager can become a great tool for purchasing assets, such as a car or a house, or for navigating difficult economic times. For this you don't need to be an expert. It is enough to have some knowledge of accounting, but even more important is to have the discipline and perseverance necessary to plan all the financial operations you intend to carry out. Here are some tips that specialists give to learn how to manage money correctly: Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original EssayUse Your Emotional IntelligenceContrary to what you might think, various studies have shown that each person's level of intelligence has very little to do with the amount of wealth they achieve. That is, even people with high IQ can make mistakes when managing their money. This is because the most successful people are not necessarily the most intelligent, but they have developed their emotional intelligence. In this sense, attitudes such as turning failures into successes, knowing and managing risks, being modest and living simply would be decisive weapons in managing personal finances. "The management of personal finances is a complex issue that involves the interaction of multiple knowledge and skills. This is what the IAE Business School claims. Along the same lines, Carlos Urrunaga, economist at Centrum Católica, claims: "intelligence allows us to know and understand a greater number of investment alternatives. And with more processed information, it's easier to know where and when to invest. "Be organized and disciplined. One of the requirements for being a good financial administrator is, without a doubt, being ordained a priest. For this reason, experts recommend preparing a budget and calculating current assets, and then preparing a budget, including disposable income, net income, recurring expenses and outstanding debts, if any. "Being an organized person is essential for a good administrator. In this case it is not based on theoretical knowledge, but rather on having developed good organizational skills", explains the IAE expert. Save "Being thrifty will lead a person to invest regularly, even if the markets are in decline, " says Noussan. To achieve this goal, the individual must be able to not get carried away by the desire to purchase, unless it is a real necessity. Not using the credit card as additional money is another recommendation from experts. Knowing how to distinguish the risk in each investmentTrying to stay calm, when people face panic, for example in times of crisis, is essential when it comes to managing finances. In this sense, distinguish the risk in each investment carried out will help achieve greater balance and profitability "From what I read and see I always perceive flair, guts and a high propensity for risk. And also anti-cyclical characteristics: when everyone buys, they sell, and when everyone sells, they buy", says the economist from Centrum Católica. Get informedTo avoid being tempted to invest in fashion assets, buy when markets are falling and sell when they are rising , we must always be informed?