Time is Free but Time is Priceless. We cannot own it but we can use it. We cannot keep it but we can spend it. Once we’ve lost it we can never get it back. ‘Our Time is Our Life’ and much like ‘ice’ its constantly melting away, so it’s our primary duty to know the ‘value of time’ and do not let it to go to waste. The more we value time the more value it brings to our lives. Procrastination, wavering and irresolute time structure are the enemies of Time management, People procrastinate mostly because they hate what they are doing and would rather do something else. The present research paper throws light on the importance of Time and its basic lessons from philosophy, science and literature.