Cryptic crossword clue
Lives frugally where fellows congregate with devils 7

The most common and most likely answer to this crossword clue is the 7 letter word SCRIMPS

I've seen this crossword clue in The Times
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The straight part
We know that "Lives frugally" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case lives frugally = scrimps.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does SCRIMPS mean?

SCRIMPS noun
  1. A pinching miser; a niggard.
SCRIMPS verb
  1. To make too small or short.
  2. To limit or straiten; to put on short allowance.
  3. To be frugal.

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