Decide How Much Money Your Work-Life Balance Is Worth

Decide How Much Money Your Work-Life Balance Is Worth

Everyone has a different way they defend their balance between work and life. If you've never tried to attach a dollar figure to how important that balance is to you, you might want to try.

Photo by Hans Splinter.

As personal finance site Millennial Money Man points out, no small number of us would be willing to take a pay cut if it meant that we'd have a better balance between our home and work lives. One study by Fidelity Investments claimed that four out of 10 workers would be willing to take a pay cut up to $US7600 ($10,147) to maintain that balance.

When you're negotiating your salary, you're deciding how much a job is worth to you. It helps when you're considering how many hours you're working or how demanding a position is to have an idea of how much your life is worth as well. You may not be able to put a specific dollar per year figure on it, but you can at least consider what salary would be "enough", and at what threshold more money isn't as important as more time.

Would You Take a $7,600 Pay Cut for Work-Life Balance? [Millennial Money Man via Rockstar Finance]


Comments

    I used to have a job with no work life balance. It lasted for around 8 months before I started looking elsewhere. Work-life balance is not just the hours you work, but also the hours it takes to travel to and from work.

    Last edited 04/05/16 3:33 pm

      I do believe im the opposite.
      I made a choice several years ago to focus on developing my career and now i run a 70/30 balance with work taking up to 6-7 days of my time a week.
      Honestly it doesnt phase me because i really enjoy my job. I dont expect to keep this up forever just another 2 years and I can dial it back to the point where I will only need to work 3-4 days a week.
      Work has given me the option to change my shift around to work any time i want, but I enjoy the hours and the job

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