profligate


MEANING :
1. utterly licentious or immoral
2. wildly extravagant or prodigal
USAGE EXAMPLE 1:
His profligate ways landed him in prison.
USAGE EXAMPLE 2:
With attention on energy problems worldwide, Formula One cannot afford to be profligate in its use of fuel, said Mosley, who expects general levels of spending to be cut in half "without affecting the spectacle in any way."