profligacy

n.

[See Profligate, a.]
The quality of state of being profligate; a profligate or very vicious course of life; a state of being abandoned in moral principle and in vice; dissoluteness.

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noun

1. Excessive freedom; lack of restraint: dissoluteness, dissolution, libertinism, license, licentiousness. See restraint/unrestraint.
2. Excessive or imprudent expenditure: extravagance, extravagancy, lavishness, prodigality, profuseness, profusion, squander, waste, wastefulness. See careful/careless, save/waste.

IN BRIEF: n. - Dissolute indulgence in sensual pleasure; The trait of spending extravagantly.

His profligacy led to his bankruptcy. — Robin Morgan

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See words rhyming with "profligacy."