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The word "frugality" is correct and usable in written English
You can use it to describe people or situations that involve saving money. For example: "The Smith family are known for their frugality; they always manage to save money on their purchases."
Dictionary
frugality
noun
The quality of being frugal; prudent economy; thrift.
synonyms
Exact(60)
Meanwhile, the Vatican continued to draw attention to aspects of Francis's behaviour that it said showed the new pope's frugality and humility.
There were Broadway plays such as Brighton Beach Memoirs and Biloxi Blues, commemorating the honor, frugality, and innocence of the World War II years.
The World Trade Organisation would squeal if the government mounted a "Buy Korean" campaign; instead it tacitly encourages private groups to conduct "frugality" drives.
It was listed in 2010.Special report Adventures in capitalism The Bollygarchs' magic mix Their oyster, with grit attached The limits of frugality The power and the glory Looking for the next Infosys Rolls-Royces and pot-holes Sources & acknowledgmentsReprintsOver time, the zeal to sell big-enough chunks of these firms to enable them to become more independent has dissipated.
Loosening the purse strings did not mean abandoning the frugality that was the clearest consumer trend during the recession.
Hence its colloquial name Herrgottsbescheiberle in Swabian: "little God-cheaters".Kilian Strauss Tübingen, Germany* SIR – Your splendid article tracing Swabian industriousness (Fleiss) and frugality back to Pietism captured some key characteristics of this tribe.
The company attributed this to a new emphasis on frugality in government work.
George Osborne, Britain's new chancellor of the exchequer who is readying his country for fiscal frugality, crowed that the G20 had come round to his way of thinking.
Some of the most successful ones are bywords for frugality.
To set an example of frugality, General Eitan would collect spent cartridges after firing practice; he also ate with his men, and slept on a camp bed.
Old money had no choice but to join the Met, and differences were quickly forgotten as the two foes found common cause in keeping out the next generation of newcomers.The rich of New York had at one time looked with disdain on ostentatious displays of wealth, steeped as they were in America's "republican heritage and moral imperatives of frugality and thrift".
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com