Etymology
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squander (v.)

1580s (implied in squandering), "to spend recklessly or prodigiously," of unknown origin; Shakespeare used it in "Merchant of Venice" (1593) with a sense of "to be scattered over a wide area." Squander-bug, a British symbol of reckless extravagance and waste during war-time shortages, represented as a devilish insect, was introduced 1943. In U.S., Louis Ludlow coined squanderlust (1935) for the tendency of government bureaucracies to spend much money.

updated on November 13, 2013

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Definitions of squander from WordNet

squander (v.)
spend thoughtlessly; throw away;
You squandered the opportunity to get and advanced degree
Synonyms: waste / blow
squander (v.)
spend extravagantly;
Synonyms: consume / waste / ware
From wordnet.princeton.edu, not affiliated with etymonline.