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extravagance /ɪkˈstrævɪgəns/  

  • noun
    plural -gances
    [noncount] :the act or practice of spending a lot of money :wasteful or careless spending
    his extravagance with money
    [count] :a special purchase that costs more than you usually spend
    That coat is an extravagance that you can't afford.
    Going to the play will be our one extravagance for this vacation.
    [noncount] :the quality of something that is very expensive or fancy :an extravagant quality
    I was shocked by the extravagance of their lifestyle.
    The church is known for the extravagance of its architecture.