Extravagance is the spending of more money than is reasonable or than you can afford. gross mismanagement and financial extravagance When the company went under, tales of his extravagance surged through the industry
The state of being extravagant, wild, or prodigal beyond bounds of propriety or duty; want of moderation; excess; especially, undue expenditure of money; vaid and superfluous expense; prodigality; as, extravagance of anger, love, expression, imagination, demands
excessive spending the trait of spending extravagantly the quality of exceeding the appropriate limits of decorum or probability or truth; "we were surprised by the extravagance of his description