profligacy

Noun
  1. The trait of spending extravagantly (synset 104902002)
    is a type of: improvidence, shortsightedness - a lack of prudence and care by someone in the management of resources
    same as: extravagance, prodigality
  2. Dissolute indulgence in sensual pleasure (synset 100749605)
    is a type of: intemperance, intemperateness, self-indulgence - excess in action and immoderate indulgence of bodily appetites, especially in passion or indulgence
    same as: dissipation, dissolution, licentiousness, looseness

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