Many Muslims think that being a Muttaqi means to live a monastic life avoiding all pleasures. This is wrong. Islam forbids Monasticism and encourages family life. Taqwa helps in making your family life a happier one. Many things are related to a happy family life, among the main is 'Barakah' ie. Blessings.
If you study the 96 verse of Surah al A'raf it speaks about virtues of observing taqwa. 'Had the people of the towns believed and observed Taqwa, we would indeed have opened out to them Blessings from heaven and earth.'
The verse assures that if a person observes taqwa and abstains from haram then his life will be a blessed one. If you note the verse again it speaks about the barakah from heavens too! There are many barakah from heavens besides rain. If you study the telecommunication system it runs from the skies. There can be other many ways where a person can be belssed with barakah from the skies.
Now refer to the last part of the 2nd verse of Surah Talaq: Who ever observes taqwa, Allah will prepare a way out for him (From crises) and He will provide for him from (sources) he never could imagine.
The verse assures of help of Allah and increase in rizq. Just because of Taqwa. The same assurance is again repeated in Surah Talaq's 4th verse: For those who observe Taqwa Allah will make their task easy.
The next verse, 5th, again repeats the same assurance with more rewards: If any one observes Taqwa Allah will remove his sins from him and will enlarge his reward. The first of the 5th verse explains the core of Taqwa 'Observing the commands of Allah'
There fore if you abstain from haram temptations then you are observing the hudood set up by Allah by not crossing the limits. In other words you are observing TAQWA
So taqwa will not prevent you from seeking the happiness from halal way but it will protect your from haram.
In Surah Toubah Allah declares: Allah loves those who are muttaqi. If a person is loved by Allah it is announced in the heavens and the earth that Allah loves such and such person so 'you also love him' says a Sahih Hadith. So Let us be loved by Allah and his Makhlooq. Ameen