Misspend (verb)

To spend, use, or dispose of wastefully or unwisely.

Origin:

From middle english mispenden, from old english mispending, from mis- ("badly") + spenden ("to spen.d")

Examples:

1. He was criticized for misspending company funds.
2. She was accused of misspending the money on unnecessary things.
3. Many people believe that the government is misspending tax dollars.
4. It"s easy to misspend money if you"re not careful with your budget.
5. He was guilty of misspending the funds allocated for the project.