Squander(verb)
Waste (something, especially money or time) in a reckless and foolish manner.
Hindi meaning:गंवाना, अपव्यय करना
Synonyms: Waste, Misspend, Splurge, Pour Down The Drain, Lavish
Antonyms: Economize, Conserve, Hoard, Accumulate
Example: He squandered all his money on gambling.
Trick to remember: Squander sounds like a spender, which means one who spends a lot so he is wasting. 
