The aim of the paper is to illuminate and problemize the meaning of time and place concerning young people's experiences of the psychosocial well-being. We are as human beings situated in many contexts, all connected to each other. All these contexts become a part of us - our identity. The consumption culture is a major part of the everyday life, and in the rapidly changing environment where symbolic signs are of importance, the leisure time is playing a greater role as a social marker and for the creation of identity, in the complex project of belonging and still being unique. School is the place where young people spend most of their time outside home, which make school an important arena for the creation of identity. What happens to the identity and the psychosocial well-being when the school and leisure time meet each other? How do the youngsters experience the meeting? Does a meaningful leisure time have a positive connection to the school commitment, or can it be a stressful meeting? This is a recently initialised project, and thus this paper serves as a base for conceptualising the issue of the meeting between school and leisure time.