Mentioned by Fili Fil on the Filosophy. It's defined as the past tense of the past tense of spend. Spend, Spent, Spunt. When you dig yourself into a financial hole by the services you use.
Spunt Companies: furniture rental co, pay day loans co, title loan co, pay check to paycheck living.
1. If you sell your foodstamps you are spunt.
2. If you buy weave before pampers you are spunt.
3. If you have a nice car and a raggedy home you are spunt.
4. If you know the rules to furniture rentals but don't know how to balance a checkbook, you are spunt.