misspend

/mɪsˈspɛnd/
verb
  1. To spend (time or money) foolishly, wastefully, or in a way that is not beneficial.
    • She felt she had misspent her entire afternoon scrolling through social media.
    • The company misspent its funds on unnecessary luxury items instead of research.
    • He regretted the way he had misspent his youth on trivial pursuits.