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The authors respond to Dunn, Gilbert, and Wilson (2011) and offer additional ideas about how to apply the virtue of thrift to obtain greater affective benefit from spending less. Materialism and over-consumption is damaging for the individual, the economy, and the environment. Over consumption is understandable in light of hedonic adaptation, where the happiness arising from a positive change erodes via two key pathways: diminishing positive emotions and rising aspirations. In the U.S., hedonic adaptation encourages overspending and indebtedness. The practice of thrift is the wise and efficient use of resources, and there are many thrifty proponents and adherents throughout history --including Socrates, King Solomon, Confucius, Benjamin Franklin, and today, Warren Buffett. Studies suggest that individuals would spend less and derive more hedonic benefit by eliminating distressing debts, stretching positive …