It is the ability to categorize what need to be done immediately, what has to be done next and so forth, in a realistic time frame. It is the ability to discipline the self against too many procrastination and entertaining excuses that results at best to delaying what is unavoidable. Time management is to recognize what time of the day where one is most effective and taking the opportunity to take advantage of these most productive hours. You can also start from the work that you like doing least. This action plan allows you to somehow maintain your pace as the day moves on. Procrastinating on things that you do not like doing can only accumulate and create backlogs, which means poor time management. - Allow a realistic time frame for each job. This would not be happening very soon enough but anyone who wants to adjust to the coming age may want to make preparations today. Application of technology that processes multiple streams of data that identifies meaningful events, processors that support automated trading, exploiting shared memory grids, employing event driven financial trading systems are just some of the business application you might want to start with. Out of that take away all the time that you will need for sleep and rests, meals, personal things, errands and all those things that you can not do without. And with that I do not mean the TV, the telephone and the chitchat - yet. - If you are like most students, there is a good chance that you are left with about 85 hours. If you allocate 4 hours each day for socializing and doing other personal things like jobs, attending extra curricular activities, writing letters, checking on e-mail etc you will still have 28 hours for the week that could be spent further on study periods or your personal time. That still leaves you with almost four hours a day. Time management skill differs from individual to individual. Some have inkling for this while young and puts it to practice that benefits them most as they age. Some learns it through experience while others through other people and seminars. Others have psychological barriers in their personality that makes it more difficult for them to practice the principles taught.