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Word: misspending (lookup in dictionary) (lookup stats)
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Usage:

...Pentagon officials] misspend a lot of the money. It’s $396 billion with no accountability,” Galusha says...

Author: By Stephanie M. Skier, CRIMSON STAFF WRITER | Title: Pigs Parade Through Harvard Square | 8/9/2002 | See Source »

...break" still means misfortune or treachery. The sport's new respectability may sadden those who savor the raunchiness of the old dives. For it was there, in the ramshackle shelter of the pool hall, on the margins of society, that one could, with luck and a certain impunity, misspend one's youth...

Author: /time Magazine | Title: Living: Everyone Back into Pool! | 12/26/1988 | See Source »

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