extravagance
excessive spending / lavishness / wastefulness / luxury
Noun
pl: extravagances
This term carries a strong connotation of excess and waste, often implying a lack of judgment or discipline. While it can describe a general habit of spending, it frequently refers to a specific, lavish item or a singular act of indulgence that exceeds reasonable limits. Depending on the context, the word can shift from a negative critique of financial recklessness to a neutral or even admiring description of opulent beauty and grandeur, such as in the architecture of a cathedral or palace.
Meanings
Noun
The quality of spending much more money than is necessary or wise.
"His extravagance in the early years of his career led to significant debt."