292 Payneham Road, Payneham SA 5070

(08) 8362 0060

(08) 8362 0061


A balancing act

A balancing act

We’ve all heard the term work life balance many times. But how many of us actually achieve it?

Work life balance means different things to different people. It’s possible to get the balance that’s right for you – but it does take some planning.

What is work life balance?

Simply put, work life balance is about balancing the amount of time you spend on work and career commitments with the amount of time you spend on your personal life. This could include time spent with loved ones, enjoying creative pursuits, sport and other leisure activities, studying, giving back to your community and taking care of you and your family’s health and wellbeing.

Are we out of balance?

While there’s a perception that we’re getting busier than ever and working longer hours, the average number of hours that Australians work has actually fallen over the last 30 years – mainly because more of us are working part time. And while the proportion of people working 50 hours a week did increase from 14 per cent in 1979 to 19 per cent in 2008, the percentage of people working this many hours each week fell to 15 per cent after the GFC.

It could be that greater connectivity is making us feel like we’re always at work, as we’re contactable during evenings, weekends or even while we’re on holidays. At the same time, technology means that many of us can work almost anywhere, giving us a more flexible workplace. And with unemployment on the rise, some of us may feel pressured to put in long hours. However, working more hours doesn’t necessarily mean we’re being more productive.

What works for you?

The ideal work life balance is different for everyone. For some, it might be about limiting the hours they work, or never taking work home. For others, it might be more about having flexible working arrangements so they can attend their children’s school events, start work later, or work from home. And some people want a mix of the two.

What’s more, your ideal work life balance may change. For instance, you may want to work more hours now to pay off your mortgage more quickly or advance your career. Alternatively, you may be bringing up young children or taking care of elderly parents, so you’d prefer to work less – at least for now.

To decide the right work life balance for you, take a good look at your life and decide what you value most. Then use these values as a guide of where you want to spend most of your time – taking into consideration what you can afford.

Working less

If your goal includes working less, you’ll have less income, so you’ll need to go through your budget and decide where you can cut back.

Remember that working fewer hours is likely to affect your super down the track. So before you decide to cut back to part-time, it may be wise to salary sacrifice some of your income now. Other strategies include having your spouse contribute to your super, which could earn them a tax offset if you earn under $13,800 that year and satisfy other eligibility requirements. If you earn under $50,454 you could also make an after tax contribution up to $1,000 to your super and you may be eligible to receive a co-contribution from the government of up to $500.

Find out more

Please contact us on 08 8362 0060 oinfo@owlfinancial.com.au to help you with more financial strategies to help you achieve the work life balance that’s right for you



Financial Advisor Adelaide

We are an award winning practice that has been providing financial advice to South Australians since 1969. We really enjoy getting to know our clients and building a relationship with them that lasts over many years. We have a diverse range of clients from mum and dad to AFL players to ASX CEOs. All of which have a diverse range of financial advice needs and very different relationships to maintain. Our clients describe a 'breath of fresh air', personable, expert and people with high integrity. Clients have also mentioned that they are not treated as a number and the advice is specific to them. Working with clients for clients.

Financial Planner Adelaide

The one most rewarding thing about being a financial planner in Adelaide is when you have been working collaboratively with a client in developing and building their goals and objectives and the come to fruition. This give both the clients and myself a real sense of achievement and to use the famous quote 'are we there yet?' and together we can say YES! There has never been a better time to look towards what you want to achieve and start a financial plan so you can get there too.

Financial Planning Adelaide

A person's financial story is like a jigsaw puzzle... "lots of pieces needing to be put into their correct places". A financial adviser can assist a client to put the pieces in the right places by having a series of simple conversations about where a they are currently situated, where they want to be and what strategies can assist them. Every client has a different financial story and goals. Each jigsaw puzzle will always be different. A good financial adviser is experienced at putting together a wide range of jigsaw puzzles. Helping a client put their own puzzle together and seeing their satisfaction is a wonderful feeling.

Barry Phillis, Chris Scriva and Owl Financial Management Pty Ltd are Authorised Representatives of GWM Adviser Services Limited Australian Financial Services Licensee Registered Office at 105-153 Miller Street North Sydney NSW 2060 and a member of the National Australia group of companies.

GENERAL ADVICE WARNING: The advice on this site may not be suitable to you because it contains general advice that has not been tailored to your personal circumstances. Please seek personal financial advice prior to acting on this information.

Opinions constitute our judgment at the time of issue and are subject to change. Neither, the Licensee or any of the National Australia group of companies, nor their employees or directors give any warranty of accuracy, nor accept any responsibility for errors or omissions in this document. View Terms & Conditions >