The aim of this study is to examine the relationship between the Free Time Allocation with the Perceived Quality of Life (QoL) and the Satisfaction with Life (SwL) in Greece. A samp le of 353 respondents showed that the Paid Labour is a very important factor in explaining the perceived QoL, followed by the active leisure and to a lesser degree by the passive leisure. The satisfaction of Life appears to be influenced more from the perceived QoL and to a lesser degree from the time allocation and leisure