Holometabolous insects have four distinct life-stages – eggs, larvae, pupae and adults. Active resource acquisition generally occurs during either or both the larval and adult stages. Previous research on the acquisition of food resources in holometabolous insects, has shown that resources acquired during each of these life-stages can differ in how they are allocated to different traits, and how they affect fitness. In addition to food, water is also an essential resource needed for a range of biological processes that enhance fitness. Yet, how water acquired at different life-stages affects key fitness traits is still not clear. Here, we manipulated both developmental and adult water availability of male seed beetles (Callosobruchus maculatus) to explore how water acquired at each life-stage affects a range of fitness related traits, including body mass, ejaculate weight, mating behavior and lifespan. Our results indicate that the juvenile environment had little effect on body weight, ejaculate weight, ejaculate replenishment or lifespan, but did influence male mating behavior in both early and late adult life. This contrasts with the adult environment, which had strong effects on weight loss, ejaculate size and lifespan but little effect on mating behavior. Males with access to water during adulthood transferred larger ejaculates during their first mating, lost less weight as they aged, and lived longer. These results suggest that water acquired during development and adulthood are allocated differently to a variety of fitness traits across life.