Spendthrift is actually a misnomer...split it as SPEND+THRIFT. Thrifty means, careful use of resources, so a spendthrift should actually mean someone who carefully spends money, but it means SOMEONE WHO WASTES MONEY.
Spend+thirst=Some1 who is thirsty for spending money
SPell the END of THRIFTiness. A Spendthrift may have been thrifty once, but now he isn't.
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