👉 "Misspending" is a phrase that refers to an excessive or unwise expenditure of money, often attributed to a lack of financial planning and management skills. It can be used to describe behavior where individuals do not allocate their income efficiently, prioritize savings over spending, or spend more than they can afford. Misusing money in a way that leads to unnecessary debt or poor financial outcomes is another example of "misspending." Mismanagement of finances often involves being careless with cash, using credit cards excessively,