Time management refers to effectively allocating the right time to the right activity in order to save time, reduce stress, and have control over responsibilities. Some effective time management techniques include planning, setting goals and deadlines, prioritizing activities, delegation, and spending the right amount of time on each task. Setting goals helps chart your career path by breaking lifetime goals into smaller, daily tasks. Keeping a to-do list that is updated daily allows you to track performance. The present is a gift, so spending time properly is important.