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Would you like to be able to decide how to spend your time each day? Frugality can give you this choice by reducing your expenses to an amount that you can fund with part time work or a small investment income. Reducing your desires to those things which you actually need will help you reduce your spending.
It is very important to spend less than you make. Spending more than you earn, buying on time, taking on credit, all of these bind you to servitude. When you spend money, think about the time that you will need to work to pay for that item.
It is good to save and invest. The purpose of savings are to allow you to live without work taking up your available time.
If you are fortunate to have a level of savings and are financially well off, feel free to do things with your money that bring you happiness. Be generous to others.