I love routines. I'll say that right up front, so you'll know I'm biased.
I like to keep lists and watch as the day progresses and I've been able to check off tasks and accomplishments, however minor.
On the other hand, I'm not afraid to go off schedule and be spontaneous. I like to know, however, just where I am in relation to my routine. How far have I gone astray! What am I going to have to do tomorrow to make up for throwing the routine out the window?
Having young children at home (or older ones, for that matter) makes it almost necessary to have a routine. Morning routines , in which you play the drill sergeant: "Eat your cereal! Brush your teeth! Wash your face! Hang up that towel!" may seem like cruel and unusual punishment to your kids, but you're setting habits for them.
The same is true with bedtime routines. And in addition to doing what's best for your kids, getting things done on time has added benefits for you.
Will your children thank you when they're older for making them stay on schedule? Perhaps not. But just watch if they don't do the same with their own children!