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Squander (Verb)

Spend thoughtlessly; throw away; "He wasted his inheritance on his insincere friends"; "You squandered the opportunity to get and advanced degree".

Verbs of buying, selling, owning.

She squandered her summer vacation watching excessive television instead of traveling and learning new skills.
He squandered a large portion of his retirement fund on expensive, yet useless gadgets.
The company squandered millions of dollars in an unsuccessful marketing campaign.
They squandered years of hard work by selling their business for a low price.
The young artist squandered her talents by making commercial music instead of focusing on her unique style.

Spend extravagantly; "waste not, want not".

Verbs of eating and drinking.

She would rather save up for a rainy day than squander her hard-earned money on lavish parties.
He made a conscious decision to budget his finances and stop squandering his paycheck on unnecessary expenses.
If she continues to squander her inheritance on extravagant getaways, she'll soon find herself broke.
He couldn't bear to watch his children squander their inheritance on reckless spending sprees.
The warning 'waste not, want not' was given to her, yet she continued to squander her future by overspending on a lavish lifestyle.