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As-Salaam alaikum,

  To spend money and reources more than the demands of neccessity in those areas in which spending is permissible is termed  ISRAAF.  In the Holy Qur'an, Allah Ta'ala says:--

          "Eat and drink but do not waste'' (7:31)

Eating and drinking are neccessities of life and to spend in them is permissible, but spending extra in/on them is called Israaf.

To spend in those areas wherein spending is not permissibe is called TABZEER.  Allah Ta'ala says in the Holy Qur'an:--

         "Those who are extravagant are the brothers of Shaytan'' (17:27)  because one assists Shaytan by spending in/on impermissible areas. So, let us take note of this accordingly.

Best Regards.

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