It's definitely a balancing act and figuring out priorities. I recently decided to give up football season tickets. Since we launch in the desert our season is though the winter, starting in November. Games were an all day thing, sometimes with an overnight. I'd drive 2 hours each way, tailgate, traffic after. Since my family doesn't come to launches or games, I decided to give up one so I could spend more time with them in the autumn months. It'll also give me more time for rockets.
I have a small house that's easy to keep up with. Since we have no winter here, the yard is a year-round thing. It's not too big and I do a couple hours of work on it each weekend and call it good. I'm considering paying someone to maintain it, and I've been considering redoing the landscaping with a lower maintenance yard.
The sharing economy is a big thing around here. There's ride sharing like Uber or Lyft, but it applies to a lot of other things too. The couple times a year we want to go out on a boat we just pay to go on a harbor cruise or other such tour. If we wanted, we could rent a boat with or without a captain. Camping trip? There are trailer rental companies that will drop the trailer off in your designated spot, set it up, break it down and pick it up and haul it back. If I wanted to do an RV road trip, I can rent an RV. I can rent a sports car if I felt like going zoom zoom. I pay some money, show up, use whatever it is, then walk away. Someone else takes care of the maintenance and repairs. For the one or two times I'd use it a year, it also costs way less than the payments, insurance, storage, taxes, fees, gas, oil, maintenance, repairs, etc that come with owning. Now if we were a family that used those things frequently, that wouldn't work. But we do so many other things, the toy would just sit there 360 days out of the year. And those 360 days I'd be thinking we should use whatever toy because we're paying for it.
I spend time on safety and flight worthiness of rockets, but only spend time on finish if I have it. A lot of my fleet is unpainted colored fiberglass. No sanding.
Own less, rent when you need something, give up X to spend more time on Y and keep Y relatively simple so it's not a massive time suck. It's not the complete answer, but it helps.