spendthrift

[spend-thrift]
noun
1.
a person who spends possessions or money extravagantly or wastefully; prodigal.
adjective
2.
wastefully extravagant; prodigal.

Origin:
1595–1605; spend + thrift


2. wasteful, improvident, profligate.
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World English Dictionary
spendthrift (ˈspɛndˌθrɪft)
 
n
1.  a person who spends money in an extravagant manner
 
adj
2.  (usually prenominal) of or like a spendthrift: spendthrift economies
 
[C17: from spend + thrift]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Etymonline
Word Origin & History

spendthrift
c.1600, from spend + thrift in sense of "savings, profits, wealth." Replaced earlier scattergood (1570s) and spend-all (1550s).
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
His spendthrift ways with our money were replaced with miserly ways with his
  own.
Spendthrift provisions often prevent a beneficiary from selling or transferring
  their ownership interest in the trust.
And politicians, spendthrift as some may be, are not the main source of the
  problem.
There are those with spendthrift genotypes and those with thrifty genotypes.
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