squander


squander (http://definr.com/squander)

     v 1: spend thoughtlessly; throw away; "He wasted his inheritance
          on his insincere friends" [syn: waste, blow] [ant: conserve]
     2: spend lavishly or wastefully on; "He blew a lot of money on
        his new home theater" [syn: blow] [ant: save]
     3: spend extravagantly; "waste not, want not" [syn: consume,
        waste, ware]