Abstract
Overspending is a problem where people tend to over-excessive purchase unnecessary subjects, such as clothing, cars, and technology that does not match any mean of their income. This caused many people to diet, have psychological problems, and have unstable family relationships. However, the problem of overspending comes down to people don't recognize their spending habits. This research presents how credit cards have a major impact on people’s habits of overspending and social norms that caused overspending. Lastly, the research shows that financial literacy implementation is a crucial method for preventing overspending and that developing the habit of managing money at a young age is crucial to minimize the effect of overspending. Money management awareness is important in the education system.
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