Somehow I doubt about the term "Time is Money", I would rather agreed on "Doing the right thing on the right time." However some time spent with family, friends, exercising, vacation are even more valuable.

How do  we balance our time wisely? According to wikipedia "Time Management is commonly defined as the management of time in order to make the most out of it." I think the best practice in time management is to plan ahead what to do on the day, to get most of it try to cultivate habits to list down a to do list before you go to sleep. I have been practising it for months, using an online to do list which is very convenient for me as I face in front of computer during work hours and I don't have to carry anything with me all the time. I can plan it out at home and login from office and refer to the to do list at work, the best thing about online to do list is that it allowed me to categorize it's prioritiness, assign labels and what most you can access anywhere you want. If you opted for an online to do list, I strongly recommend todoist.com. Here's an article which is very useful to prepared a doable to do list - The art of the doable to-do list. If you have limited access online, you can try using outlook to do list or more traditional way by using a "555" small notepad to start off.

So, you have constructed your time management scheme. Stick to your goals and practising it everyday, you may get lazy on the first or two weeks, remind yourself all the time, stick to your plan and goals, make it a habit and when you get use to it after 3 months, I can assure you that it will be an everyday routine without you reminding yourself and you can see a tremedous change in the outcome you perform in work and balancing your time effectively.