misspend :

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mis S pend

  • v  spend time badly or unwisely
  • v  spend (money or other resources) unwisely

  • For it was there, in the ramshackle shelter of the pool hall, on the margins of society, that one could, with luck and a certain impunity, misspend one's youth.

  • Helen Zille in Mail & Guardian Online
    Zille said she would deal with the nepotism and bloated expenditure in the executive suites "and turn the misspend money towards employing people at the city's workface"- - policemen, engineers, firemen, librarians, nurses and health inspectors.

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