Nearly one-third of Americans plan to make a money-centric New Year's Resolution for 2019.Adopting a "happiness allocation" instead of creating a budget could make a big difference when it comes to saving money.Being prepared is key to using your time wisely and avoiding shopping temptations.Spending less on coffee and water can add up.Making a New Year's resolution might feel like an arbitrary trend that doesn't work, but there are ways to make resolutions that stick. Putting in an effort to develop solid habits will help you follow through with your goalseven after the excitement of the new year has worn off. Looking to focus on your financial future this year' If so, you're not alone. A recent Fidelity Investments survey shows that nearly one-third of Americans intend to make a money-centric resolution for 2019, with 15% hoping to spend less and 48% of people planning to save more. Read on for 10 smart ways to reach your goal by spending less and saving more money each month.Stop spending so much money on coffee and water.Small sippable expensessuch as getting coffee when you're out or buying bottled water each day will add up quickly. Just think: Buying a $4 coffee and $2 bottle of water five times per week will cost $120 per month.Megan Terzian, an associate financial advisor from Mosaic Partners, suggests checking in with yourself to evaluate daily expenditures. "Do you really need that coffee every day' Probably not," she told INSIDER. "Don't feel anxious about doing this exercise. The purpose is to give you clarity and control of a financial foundation."Further, according to a Vanguard Blog for Advisors post by Frank Kinniry, "By pocketing the $3.50 for coffee each day and investing it instead in a low-cost, diversified Roth IRA, you'd have an estimated $106,000 after 30 years," writes Kinniry. "I don't think anyone would pay $106,000 for coffee!"A similar scenario plays out when it comes to spending money on bottled water. Instead, investing in a sustainable water bottle will keep your drinks cold and hot for extended periods of time, wherever you are, making it easier than ever to save. Design a capsule wardrobe or uniform.Having a closet full of clothes that don't fit, are hard to pair together, or wear out quickly can cost you money; in fact, it might be the reason you keep shopping for new stuff. Break the bad habit by resolving to establish a uniform that suits you, your lifestyle, and frame, or by creating a capsule wardrobe with a few timeless, high-quality items you'll wear again and again.Rent the Runway Unlimited could be a cost-effective way to incorporate trend pieces at a fixed monthly cost without aimless spending at fast fashion stores.Read more: How Rent the Runway is changing the way women get dressedand why its been called one of the most disruptive companies in the world, alongside Uber, Airbnb, and SpaceXCancel the subscriptions you don't use.Though this one may seem like a no-brainer, auto-pay subscriptions you've had for a long time can linger in the background, affecting your bank account.Be intentional about checking your bank and credit card statements to figure out exactly how much you're spending each month subscriptions you enjoy at home or at work. Gym memberships, streaming services, apps, old domains, email products, software, and boxes are all ripe for cancellation. Not sure when you should cancel' This handy chart will help.See the rest of the story at Business Insider
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