This study examined the way the color affects the emotions of elementary school students. Through researching the psychological meaning of color we reached the understanding of why one chooses to pick a specific color to express a certain theme. The study looked into how and why certain colors affect students. It examined the cause for one student to pick, for example, the color blue to express a calm, cofortable mood, whilst the other student used it to emphasize the feeling of sadness or coldness. The goal of this qualitative study was to explain and link the relations between various student personalities within one grade and the generational differences with the psychological meaning of color. It was carried out in the fifth, sixth and eight grade of elementary school and executed in six hours during the Fine Arts class. The research questions examined by the study are as follows: Why do students pick a specific color in representing the given theme and motif? How is the psychological state of the student linked with his color preferences? The results of this study explained the relationship between colors and emotions. It clarifies the reason behind colors having such big influence on the mood, and also why students instinctively choose the colors in which they express themselves. This study eased up the understanding of individual student works and it gave the insight in the emotional state of a student as well as a better base for further improvement. The results of this study show that the students have various, subjective views on colors and they link them with emotions through individual experience. To understand the choice for one student to express himself with the color blue and the other one with the color red, one has to fully study their emotional experiences which created associations for those colors.