Wasted money, time, or resources foolishly or carelessly instead of using them wisely.
From Middle Dutch 'squander,' possibly related to Old Norse or Scandinavian roots. The exact origin is uncertain, but it entered English in the 1600s meaning to scatter or disperse, then evolved to mean wasteful spending.
Shakespeare actually never used the word 'squandered' in his plays—it became popular just after his time, which shows how English was still developing new words for describing financial recklessness during the era of expanding trade.
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