Savoring is one of the positive emotion regulation strategies. This study examined the mediating effects of rumination on the relationship between savoring and psychological health. For this purpose, we measured Savoring Belief Index (SBI), Rumination Response Scale (RRS), Center for Epidemiological Studies Depression Scale (CES-D), Concise Measure of Subjective Well-being (COMOSWB) to a sample of 242 undergraduate and graduate students. Correlation analysis results showed that savoring belief was negatively correlated with rumination and depression, and positively correlated with subjective wellbeing. In regression analysis, rumination mediated the relationship between savoring and depression and subjective wellbeing. These results suggest that savoring may reduce negative thoughts and emotions, and promote well-being. The implications of this study are discussed with future suggestions.