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I am on a frugal side, and believe that frugality is generally a good feature as long as not going overboard into the cheapskate land.
I am happy to see that there are over 800k folks that seemingly think that way too on Reddit Frugal.
https://www.reddit.com/r/Frugal
Being Frugal is good. Jeff Bezos build Amazon on frugality and still operates it that way. It's always easier to spend money than make money, and getting a good deal shouldn't be frowned upon.
Looking at Reddit Frugal sub reddit there are many useful tips how to fuel your frugality. I would say most of them are pretty reasonable and don't cross the line into cheapskate territory.
So, lets debate if being frugal is okay or not.
Arguments
  Considerate: 89%  
  Substantial: 59%  
  Spelling & Grammar: 91%  
  Sentiment: Neutral  
  Avg. Grade Level: 6.96  
  Sources: 0  
  Relevant (Beta): 65%  
  Learn More About Debra
  Considerate: 69%  
  Substantial: 50%  
  Spelling & Grammar: 100%  
  Sentiment: Neutral  
  Avg. Grade Level: 7.12  
  Sources: 0  
  Relevant (Beta): 96%  
  Learn More About Debra
So high risk/high reward is not mutually exclusive of being frugal
  Considerate: 95%  
  Substantial: 93%  
  Spelling & Grammar: 93%  
  Sentiment: Positive  
  Avg. Grade Level: 8.92  
  Sources: 0  
  Relevant (Beta): 77%  
  Learn More About Debra