You could refer to extravagant spending by saying that you pissed money up the wall or that you pissed money away. For instance, an article on the goofy site Daily Mash has the title "Man who got surround sound looking for new ways to piss money up the wall." The first two paragraphs are rife with expressions in the same sense:
A MAN who bought an expensive Bose surround sound system for his tiny living room is looking for new ways to spunk away his income.
Sales executive Nathan Muir feels he should fritter more cash after the top-of-the-range ‘kit’ failed to make any noticeable difference to his quality of life.
The usage is especially appropriate for extravagant spending on restaurants or drinks. Based on sources like the above, the longer expression is more common in the UK. In Merriam-Webster, piss away means
slang, sometimes vulgar
: to fritter away : squander
and in the Free Dictionary piss money up the wall means
To waste a lot of money; to spend money frivolously.
The Oxford English Dictionary includes both usages under "piss, v".