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Article:

8 Reasons You Should Take a Pay Cut

Some Situations Present a Compelling Case for Taking Less Money

2. You Want to Improve Your Work/Life Balance

A survey done by Mom Corps showed that nearly half of all working adults in the United States -- 45% -- would be willing to give up a percentage of their salary for more flexibility. As long as you can make it work financially, a reduction in pay may be well worth being able to work at home, have a work schedule that allows you to spend more time with family, or give you more time to spend on important interests and hobbies.

After all, no one ever sat on his/her deathbed and said "I wish I spent more time at the office."