Effective time management is essential for life management. People who cannot manage their time are often not serious, goalless, and waste a lot of time. There are five main time wasters in life that should be tracked daily - making a daily time table to account for every hour can help identify time wastage. Tracking time usage daily for a week, month, and year shows how much potential productive time is wasted. To make the most of wasted time, one should do advance work, learn something new, increase self-awareness, set clear visions and goals across different life areas like physical, financial, mental, professional, family, and religious domains.