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overspend

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o⋅ver⋅spend

  [oh-ver-spend] verb, -spent, -spend⋅ing.
Use overspend in a Sentence
–verb (used without object)
1. to spend more than one can afford: Receiving a small inheritance, she began to overspend alarmingly.
–verb (used with object)
2. to spend in excess of: He was overspending his yearly salary by several thousand dollars.
3. to spend beyond one's means (used reflexively): When the bills arrived, he realized he had foolishly overspent himself.
4. to wear out; exhaust.
Origin:
1580–90; over- + spend
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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o·ver·spend   (ō'vər-spěnd')   
v.   o·ver·spent (-spěnt'), o·ver·spend·ing, o·ver·spends

v.   intr.
To spend more than is prudent or necessary.
v.   tr.

  1. To spend in excess of: overspend one's income.

  2. To tire out; exhaust: was overspent with toil.

o'ver·spend'er n.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Word Origin & History

overspend 
c.1618, "to wear out," from over + spend (q.v.). Meaning "to spend more than is necessary" is attested from 1857.
Online Etymology Dictionary, © 2001 Douglas Harper
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