profligacy
Definitions
Reckless extravagance or wastefulness in the use of resources.
A licentious or dissolute way of life.
Examples
The company's financial profligacy eventually led to its bankruptcy.
He was criticized for his profligacy, as he spent his entire inheritance on luxury cars and parties.
Synonyms
extravagance wastefulness dissipation improvidence lavishness reckless spending