This. Although how dedicated you want to be with this is up to you, e.g. you didn't mention this, but I assume your relationship with your spouse is important as well. This is what works for me for my relationship with my kids as well as my wife:
- Evenings after work is family time. Focusing on kids if necessary.
- Wednesday evening after kids go to bed, as well as early Saturday morning, is skill building time for me.
- Every other evening after kids go to bed is time spent with my wife.
This tends to be a good mix that keeps everyone happy.