Since we bought our "house" (1/2 a duplex) a year ago, instead of "going out" for happy hours, we invite our friends over and have drinks/apps/etc at our place.
We have a ton of fun and see more people, more often. The cost is much less too (1 beer at "happy hour" = 4 beers at home).
I scrutinize almost every purchase, yet still buy items that aren't truly "needed." We are many years away from FI, but once we hit it, we're quitting the rat race. Spending less now and later means we will have less years until that happens. That's what is important to us.
We have a friend pulling the plug at age 39 and are truly happy (and jealous) for them. We hope to see them more often on our 3day weekend trips, once they're no longer working.
It is all relative. Our $40 happy hour for 8, feels as joyful as your overpriced meals out
Beers and meals around a campfire feel ever more special than a $200 steak dinner.
My last camping/climbing trip to Joshua Tree, I spent time with a buddy who has saved up, moved into a bus/van and quit work for a while. Among the dirtbag climbers, he has "money" - lol - as some of his travel mates are truly dirtbagging it with dumpster diving and no alcohol funds. They are also living it up while they can and I'm sure feel as "rich" as many people here. (especially notable as I left on Sunday, while they stayed put - no "work" to have to leave for)
To each their own. Despite the Boglehead philosophy bringing us together on this forum, we have such diverse views and account balances, that a post like this will always get wide-ranging comments.