Time management is essential for achieving goals, reducing stress, and balancing life responsibilities. It begins with setting specific, measurable, achievable, realistic, and timed goals. Prioritizing tasks according to importance and urgency allows focusing on what matters most. Creating an "ideal day" schedule based on one's energy levels helps maximize productivity. Writing down daily plans and referring to goals keeps one on track despite interruptions. Common time wasters include procrastination, poor communication, and inability to say "no". Effective time management requires discipline, planning, and making the most of each day.