Improvidence (noun)

1. The quality or state of being imprudent; lack of foresight or caution.
2. Excessive or reckless expenditure of resources; squandering.

Origin:

Late middle english: from old french, from latin improvidentia, from in- "not" + providentia "foresight".

Examples:

1. His improvidence had left him penniless.
2. The improvidence of the government led to the country's economic collapse.
3. His improvidence cost him his reputation and his business.
4. The improvidence of young people can lead to a difficult financial future.
5. The company's improvidence led to its downfall.