While economic slumps may bring on the blues, more evidence suggests they can boost happiness… depending on how they’re handled. Can frugality be your ticket to harmony and peace? Discover minimalist bliss with these tips:

• Analyze your surplus. Without an extra car payment, insurance, and gas or the cost of subscribing to cable, you’ll pocket more money for debt payoff and savings — removing stressful liabilities. Struggling to let go? Start small like donating items in your closet or cutting back subscriptions.

• Cash out. Crisp bills and jingling coins breed a stronger connection than a piece of plastic — which may make you think twice about surrendering them for impulse purchases.

• Itemize. How many things do you actually care about, use regularly, or need? Which possessions do you own, and which ones own you? Are you paying interest on something that could be downsized? Be honest… then react accordingly.