It is better than okay, it is brilliant parenting!
You are not being sucked into the club circuit and prioritising loads of random clubs over your child's well being. Your child won't be running for the olympics or whatever, so don't do it if they are tired. Some parents do feel they need to give their children 'everything', without acknowledging the importance of unstructured play, down time and quality time with you. Every child need to learn to relax and quieten down at home, or they end up always being 'on' and this isn't good for them.
Even if you have a child that loves clubs, it is better to offer them a balanced life and have time to enjoy their toys and be creative. Use their imagination, draw, paint and do puzzles and read etc.
Looking back now the kids that do too much tend to have problems regulating, dealing with stress etc later on, and given the pressures today it is a good idea to listen to your children, prioritise rest and relaxation in your family and good mental health (well being)
I wish people would value unstructured play. It is so important in early years.
Enjoy your children op they grow up super fast.