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What is a single word for someone who spends their wealth very foolishly?

For example: A person is obligated to take care of their children but instead spends their money on unnecessary things leaving no money to provide the necessary things for their children like food and clothes.

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In answer to your first question (and not necessarily your second question): a prodigal. – rhetorician Mar 17 '13 at 1:53
  • profligate
  • wastrel
  • squanderer
  • spendthrift
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