Extravagance

Noun

Definition: Lack of restraint in spending money or using resources.

Synonyms: Profligacy, Prodigality, Wastefulness

Antonyms: Frugality, Thriftiness, Moderation

Examples:

Her extravagance led to her bankruptcy.
The wedding ceremony was filled with extravagance and opulence.

Mnemonics:

"Extra" in extravagance signifies going beyond what is necessary or reasonable.

Etymology:

Origin:

The word "extravagance" is derived from the Latin word "extravagans," which means "straying beyond bounds." It entered the English language in the late 16th century.

Historical Usage:

Throughout history, extravagance has been associated with excessive luxury and indulgence, often linked to the elite or ruling classes.

Related Idioms:

Idiom:

"Live in extravagance"

Explanation:

To live a lavish and excessive lifestyle, often beyond one's means.

Misconceptions:

Misconception:

Equating extravagance solely with spending money.

Explanation:

While extravagance often involves excessive spending, it can also refer to the excessive use of resources or indulgence in any aspect of life beyond reasonable limits.