The article is devoted to systematizationon of the basic principles of time management for preschool children. The paper presents the meaning of economic education of preschool children in the modern society. The author analizes general and special pedagogical, psychological, methodological literature on the topic of preschoollers’ economic socialization. The concepts of financial culture, economic attitudes are examined. It has shed some light on the ways of the formation of children’s financial culture. The article introduces the results of pedagogical experiment for teachers’ understanding the time management concept. The results of the data analysis obtained during the surveys and testing of teachers are presented. The comparative analysis of the level of knowledge of teachers of the city and the countryside was carried out. The paper considers the problem of economic culture formation of preschool children by means of time management in the process of economic education according to Aflatot International programme, the Netherlands (programme that is based on holistic teaching methods that embrace both social and financial elements, teach children about saving, budgeting, planning and how they can achieve their goals) in the conditions of preschool education institutions and at home. The main principles of time management for children of preschool age have been systematized: game, personal example, planning, determination of priorities, sequences of action, сolor code for each activity and subject, place for everything, wish-list, reward, patience. The author has concluded that it is absolutely necessary to teach children time management basics as early as possible; understanding time helps kids to use their time well. It is also concluded that Aflatot International programme, namely time management helps parentsand teachers to get children interested in living in the country of market relations, being masters of their country; it teaches a child to be successful, to set goals and achieve them. Further research can be directed at analysis of the level of teachers’ readiness to share their knowledge of time management basics with preschoollers.