The phrase "to balance out" means to make something more even or fair by adding or including different elements. It can refer to a situation where one thing is offset by another, so that overall there is an equilibrium between opposing forces. For example, if someone has a very busy week with lots of work and no time for leisure activities, they might try to "balance out" their schedule by planning some relaxation time or socializing. In this case, the phrase implies taking steps to ensure that different aspects of life are given equal attention and consideration so as to achieve harmony in overall well-being.