Time management is an important skill that allows people to accomplish their goals efficiently. It involves monitoring how time is spent, making to-do lists, using a planner to organize tasks, and committing to updating plans daily. Effective time management can help reduce stress and procrastination by breaking large tasks into smaller ones and rewarding progress along the way. The purpose is to balance work, home life, and self while increasing productivity through availability of time. Building good time management habits involves setting goals, prioritizing tasks, and planned scheduling.