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The longstanding practice of "counting one's blessings" is something that people do every day to show appreciation for what they have in their lives. The current study investigated the effects of grateful versus stressful thinking combined with high or low self-reflection, on overall well-being. A sample of 100 undergraduates (65 females) from a small New England liberal arts university was used. Post hoc analyses revealed that people were most likely to associate work and school with stress, and were likely to be grateful for personal reasons and relationships. These results can shed light on elements in life that people are grateful for, as well as those that cause stress so as to help generate awareness of gratitude and reduce stress.