fritter
To waste time, money, or energy on unimportant little things.
To fritter means to waste something valuable little by little, usually time, money, or energy, on things that don't matter much. When you fritter away an afternoon switching between video games without really enjoying any of them, or spend your allowance on random small things you forget about the next day, you're frittering.
The word captures a particular kind of wastefulness: not one big mistake, but lots of tiny choices that add up. A student might fritter away study time by checking their phone every few minutes. A talented artist might fritter away their skills by never finishing projects.
What makes frittering especially frustrating is that the person often doesn't realize it's happening until the time or money is gone. Each individual moment seems harmless (just five more minutes, just one more dollar), but together they drain away something precious. If someone warns you not to fritter away your talents, they're saying: focus that energy on something worthwhile before you've scattered it in too many directions to matter.
As a noun, a fritter is a small fried cake with fruit, vegetables, or meat mixed into batter, like an apple fritter or corn fritter. This meaning is less common and unrelated to the first.