verb (used with object)
to spend or use (money, time, etc.) extravagantly or wastefully (often followed by away ).
to scatter.
extravagant or wasteful expenditure.

1585–95; origin uncertain

squanderer, noun
squanderingly, adverb
resquander, verb (used with object)
unsquandered, adjective

1. waste, dissipate, lavish. See spend.

1. save.
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
squander (ˈskwɒndə)
1.  to spend wastefully or extravagantly; dissipate
2.  an obsolete word for scatter
3.  rare extravagance or dissipation
[C16: of unknown origin]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Word Origin & History

1589 (implied in squandering), "to spend recklessly or prodigiously," of unknown origin; Shakespeare used it 1593 in "Merchant of Venice" 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 Jan. 1943 by the National Savings Committee. In U.S., Louis Ludlow coined squanderlust (1935) for the tendency of government bureaucracies to spend much money.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
Diners squander valuable real estate by spreading salad alongside the entree.
Binge drinkers squander educational opportunities that others are denied.
It's not likely to occur when administrators squander tuition and taxpayer
  resources and hide their activities.
We didn't squander this economy or the present system of education.
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