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]