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spend (v.)

"to pay out or away" (money or wealth), Old English -spendan (in forspendan "use up"), from Medieval Latin spendere, a shortening of Latin expendere "to weigh out money, pay down" (see expend) or possibly of dispendere "to pay out." A general Germanic borrowing (Old High German spendon, German and Middle Dutch spenden, Old Norse spenna). In reference to labor, thoughts, time, etc., attested from c. 1300. Intransitive sense "exhaust, wear (oneself) out" is from 1590s (see spent).

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Definitions of spend from WordNet

spend (v.)
use up a period of time in a specific way;
how are you spending your summer vacation?
Synonyms: pass
spend (v.)
pay out;
spend money
Synonyms: expend / drop
spend (v.)
spend completely;
I spend my pocket money in two days
From wordnet.princeton.edu