挥霍 huīhuò to squander money
to squander money; extravagant; prodigal; free and easy; agile
How to remember 挥霍: 挥 to direct + 霍 quickly = to squander money.
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How it is used
- To spend money recklessly and lavishly - 挥霍无度 (huīhuò wúdù) squander without restraint.
- Sharper than 浪费 (làngfèi, waste in general): 挥霍 is specifically blowing money, with a moral, disapproving tone. Also 挥霍青春 (huīhuò qīngchūn) fritter away one's youth.