The phrase ‘(To) burn the candle at both ends' means to spend extravagantly
Sample Usage
1. I know you are rich, but if you burn the candle at both ends, it would never last long and you will be in trouble.
2. He inherited a good fortune from his maternal uncle but now-a-days he is burning the candle at both ends.
3. After his father's death he started burning the candle at both ends and was soon reduced to a pauper.
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