Life Skills, Why Are They Important? If we desire to live a happy and prosperous life, it is important to have skills to help us navigate different situations. These skills are what we call "life skills". Some examples of life skills include but are not limited to time management, effective communication, critical thinking, problem-solving, and stress management. These skills are essential because they help us process the ups and downs of life healthily and productively. Without them, we would be more likely to get overwhelmed by the challenges we face and give up. So, what exactly are life skills, and why are they so important? Keep reading to find out.