Islam is against imprudence and prodigality

Whenever Allah wills to be benevolent to someone He bestows him economy and good management and keeps him away from imprudence and prodigality.

إذا أرادَ اللهُ بِعَبْدٍ خَیْراً ألْهَمَهُ الاِقْتِصادَ وحُسْنَ التَّدْبِیرِ، وجَنَّبَهُ سُوءَ التَّدْبِیرِ والإسرافَ.

Al-Hikmah rate, hadith 5364 Mizan