Squander (verb)

Waste (money or resources) extravagantly or foolishly.

Origin:

Middle english (in the sense "scatter, disperse"): from old french esquander, of unknown origin.

Examples:

1. He squandered his inheritance on a series of bad investments.
2. She squandered her chance at a successful career by not working hard enough.
3. The company has squandered millions of dollars on unnecessary projects.
4. He squandered the opportunity to make a difference.
5. They squandered the money on luxuries instead of investing it.