profligacy

/ˈprɔflɪˌɡæsi/

Other forms: profligacies

If your life is built on the search for reckless, sensual pleasure with no thought of possible consequences, then you are living a life of profligacy, and probably spending a lot of money to get it. How wasteful!

The idea of a loose, dissipated life, is seen in the noun profligacy, which comes from the Latin prōflīgātus, meaning "corrupt or dissolute." It's been said Americans live in a state of profligacy with regard to petroleum use, wasting it in the manufacture of everything from water bottles to nail polish to traffic cones. Someday this profligacy will catch up to us, however. With rising gasoline prices, perhaps it already has!

Definitions of profligacy

1. noun

   the trait of spending extravagantly
   synonyms: extravagance, prodigality

   type of:

   improvidence, shortsightedness

   a lack of prudence and care by someone in the management of resources
2. noun

   dissolute indulgence in sensual pleasure
   synonyms: dissipation, dissolution, licentiousness, looseness

   type of:

   decadence, intemperance, intemperateness, self-indulgence

   excess in action and immoderate indulgence of bodily appetites, especially in passion or indulgence