Money could be spend fast. In no time, you will not even notice it but your bank account is zero! Oh, that happened to one of my friends. As they say, regret comes last. Good thing he has supportive parents who are there to help him rise up again. He promised that he will buy gold bars instead of merry making all year round as if the world will end any minute. he has learned his lesson.
It is really hard that when you are on top before then suddenly, you will be at the bottom of the wheel of life. It can happen to anyone.