The study evaluated, in a sample of 230 adolescents (147 males and 83 females, mean age = 16.67) and a sample of 181 young people (21 males and 160 females, mean age = 22.57), the relationships between time perspective and the following personal skills: coping styles, perceived efficacy on affect regulation, and creative divergent problem solving. Results highlight that future time perspective increases in value from adolescence to youth, while present time perspective decreases. Future time perspective is correlated with creative problem solving and problem solving coping style in both age groups, while present time perspective is positively correlated with expression of positive emotions in both age groups. Results are discussed also for their relevance for school educational and training programs.