Profligacy
Pronunciation: /ˈprɔːflɪˌɡæsiː/
Profligacy (noun)
- Spending money in a careless way, often on things that are not really needed.
- Behaviour that shows little self-control, especially when it leads to harmful results.
Examples
- Her profligacy drained the savings quickly.
- Profligacy can ruin a budget even with good income.