extravagancy

/ɪkˈstrævəɡənsi/
noun
  1. The quality of being wasteful or spending too much money, especially on things that are not necessary.
    • His friends warned him that his extravagancy would eventually leave him in debt.
    • Her extravagancy was evident in her collection of designer handbags she never used.
    • The company's extravagancy with office supplies led to a budget crisis.
  2. Something that is expensive and not necessary; a luxury or indulgence.
    • Buying a gold-plated phone case was an extravagancy he later regretted.
    • The wedding had many extravagancies, including a live orchestra and a chocolate fountain.
    • For a family on a tight budget, a vacation to Hawaii was an extravagancy they couldn't afford.
Antonyms
What does "extravagancy" mean? | whatsthatwordmean | whatsthatwordmean