Each week on How to be Good with Money, Eoin McGee helps a household to manage their money and reach a goal they thought they’d never achieve. We caught up with the financial planner ahead of tonight's final.

Last week we learned that, according to Eoin McGee, the days of spending 40 years in the same job, for most people, are gone and that getting a "magic date for financial independence" is becoming more and more elusive.

"The reality is that you need to produce a pension pot of 1.2 or 1.3 million, to get 32 grand per year. It's a massive amount of money. The idea that you get to a certain date and then stop working forever is becoming less and less viable," said Eoin.

So, what are our options? 

Eoin McGee
Eoin McGee

Eoin and his team believe that saving money is all well and good but that it's important to remember that life is for living. If a bus hits you in two weeks time, your financial plan will be useless to you. Instead, he suggests mini-retirements.

"If your financial independence age is 63, let's change that to 65 but every two years you take two months off. You do stuff with the kids, you take trips and do activities while you're still young enough to do them, and you enjoy it.

"Most people, don't care if they retire at 63 or 65 if they're happy enough in work but the thoughts of getting two months off is really appealing. And actually, big employers are actually supportive of this."

High Earners
"We're kind of biased here because we only deal with a certain type of client and we deal with the high earners and high net-worth people in private practice but one thing that they all say is that when they do stop working they don't actually want to stop, they just want to work a little less and possibly consult."

"People who are on good salaries to begin with are often happy to take a third of their salary and cut back their hours and consult from the age of 50 onwards.

"Sometimes I can get caught up with the top end stuff but, actually, the stuff that works on the top end and the mistakes that people make are the exact same mistakes that people make at the bottom end."

"For me, being good with money is about deciding what's important to you"

How to be good with money
"For me, being good with money is about deciding what's important to you, deciding where you want your money to go and how you want to support the life you want to have and then putting structure around that.

"If you tell me that it's really important that you go and travel with your family every Summer, and you know that the holiday will cost €5,200 every year then you need to save €100 a week for that. If you don't, you're going to have to borrow it - and you will because that holiday is important to you.

"However, if it's really that important to you, you would put that €100 aside every week. That's the right way of doing it. Otherwise, you get to next June, you borrow €5,200 and then pay a bank back €5,500 or more with interest over the following years.

Treat yourself - the right way
"A lot of us like our takeaways and coffees and treats. I'm not saying to stop buying that stuff but I would say to identify what's important to you at the start of the month when you get paid and put it to one side. Then whatever is left over, you can live your life on.

"Yes, your bank account will run out at some stage but it's better to live your life with a holiday - or whatever is important to you - on the cards with fewer lattes and takeaways at the weekend than living your life first and scrambling to cover the holiday come June."

On tonight's episode...
With two small children, a busy working life and loans to pay off, this week's couple want to make sure they are putting their finances to the best use.

In the final episode of this new series, financial planner Eoin Mcgee meets 40-year-old vet Marina and her husband, 44-year-old global strategist Brian in Duleek. They are keen to make sure they have enough money put by to send their children to college, and would love to retire before they’re 60.

After assessing their finances, Eoin realises that if they carry on managing their money as they have done to date, they will be a lot older than 60 when they’re financially secure enough to retire. He sets to work with a plan as to how the couple can achieve their goal of retiring before they’re 60 – while managing to enjoy life as they do it.

Watch the final episode of How to be Good with Money tonight at 8.30pm on RTÉ One.