Dissipation (noun)

The act of wasting resources or energy, especially through indulgence in pleasure or luxury.

Origin:

From the latin dissipare, meaning "to scatter or waste".

Examples:

1. The dissipation of his wealth on frivolous pursuits left him penniless.
2. The dissipation of their energy in partying all night left them too tired for work the next day.
3. The dissipation of resources on unnecessary expenses was criticized by the government.
4. The dissipation of their savings on gambling led to financial difficulties.
5. The dissipation of their time on social media was a major concern for their parents.