To Spend a lot or to spend much. An individual who goes out and shops until they drop. excessive behaviour
#1 To Spend a lot
JOE -- Where's Lisa?
MIKE -- She's out buying some new shoes
JOE -- Again?
MIKE -- I know she's a spench but she can't help herself
#2 Excessive behaviour
MIKE -- Gary tries to impress the ladies too much
JOE -- He bought Lara a new car
MIKE -- What a spench!
JOE -- He's a double spench actually. He bought her a new wardrobe as well.
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