Work/life balance is at best an elusive ideal and at worst a complete myth. When you are leading a major project, you determine early on what a win should look like. The same principle applies to leading a deliberate life: You have to define what success means to you—understanding, of course, that your definition will evolve over time.

There is no single formula for attaining a balanced life. It is a personal decision how one combines their career, spouse/significant other, children, friends and self into an integrated whole. The key is to develop creative solutions as you approach the challenges of balancing the responsibilities and joys of your multiple roles. Some of the same skills and strategies you use at work such as planning, organizing, communicating, setting limits and delegating can be used effectively on the home-front for achieving a satisfying, fulfilling and well-balanced life both personally and professionally.

The current financial climate has affected the availability and type of childcare in many homes. Being one of the most expensive drains on a family's resources, it has in many cases resulted in one parent remaining at home, unable to balance the cost of external childcare with net income.

Boundaries are an imaginary line of protection that you draw around yourself. They are about protecting you from other people's actions. Determine for yourself what is acceptable and unacceptable behavior from other people. Boundaries and limits define how you take charge of your time and space and get in touch with your feelings. They express the extent of your responsibilities and power and show others what you are willing to do or accept. Without limits it's difficult to say "no". Remind yourself often that your boundaries are necessary for balancing work and family.