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Discover LudwigThe phrase "squander money" is correct and can be used in written English.
You can use it when you want to refer to someone wasting money recklessly. For example: The lottery winner quickly squandered all his money on expensive cars and luxury vacations.
Exact(29)
They warned relatives not to squander money.
Some borrowers squander money or start businesses that fail.
Why does it smother enterprise, abandon schoolchildren to ignorance and squander money?
Such charitable transfers challenge assumptions, dating back centuries, that impoverished recipients will squander money given directly to them.
Sullying the meaning of charity, executives squander money on costly direct-mail appeals, patriotism-tinged trinkets and bloated salaries.
In their drive to meet targets for economic growth, local mandarins squander money, ride roughshod over citizens and ravish the environment.
Similar(31)
The former squanders money; the latter, opportunity.
I got divorced three times, which squandered money.
Dago firmly condemned squandering money (anag. less m).
Like other state bodies, grain administrators have squandered money through corruption and ill-advised investments.
Southern Italy's backwardness is mostly explained by some local authorities squandering money on unnecessary projects.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com