Spendthriftiness

Spendthriftiness refers to the quality or characteristic of being wasteful with money or resources; the propensity to spend extravagantly or imprudently. It implies a lack of financial restraint and a tendency to indulge in unnecessary expenditures. This behavior often stems from a desire for immediate gratification or a disregard for future financial security. Individuals exhibiting spendthriftiness may struggle with budgeting, impulsive purchases, and accumulating debt. It's not simply about spending money, but doing so in a way that is considered excessive or without careful consideration.

Spendthriftiness meaning with examples

• Her inherited wealth fostered a culture of spendthriftiness; luxury vacations and designer clothes seemed to be her only priorities. This lavish lifestyle, devoid of saving or long-term planning, eventually led to significant financial strain and regrettably depleted her inheritance at a rapid rate. Though warned, her relentless spendthriftiness continued until she faced bankruptcy.
• The financial advisor warned the young couple about their spendthriftiness after they frequently overspent on dining out and entertainment. She highlighted the need to create a detailed budget and curb their impulsive purchases to secure their future. If the young couple were to reduce this behavior and save they could purchase a home, yet it looked difficult for them.
• His sudden increase in income tragically unleashed a period of unchecked spendthriftiness; expensive cars and high-end electronics became common purchases. This shift in lifestyle was not a sign of success, but rather a symptom of poor financial planning and a lack of self-control. If he had chosen to save his extra income, he would have been more secure today.
• Despite her initial commitment to saving, her inherent spendthriftiness surfaced once again when she saw a designer handbag on sale. The lure of instant gratification, combined with a feeling of 'deserving' the item, quickly overshadowed her financial goals. The handbag was purchased, leaving the savings goals postponed another month.