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  1. Dictionary
    o·ver·spend
    [ˌōvərˈspend]
    verb
    overspending (present participle)
    1. spend more than the expected or allotted amount:
      "they overspent on the project" · "the department can see that it is going to overspend its budget"
      Similar:
      spend unwisely
      make poor use of
      spend like water
      throw around like confetti
      be prodigal with
      be wastefully extravagant with
      let money slip through one's fingers
      pour/chuck something down the drain
      spend money as if it grew on trees
      spend money as if there were no tomorrow
      spend money as if it were going out of style
      Opposite:
      spend wisely
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  2. the act of spending more money than you have or more than was planned or agreed: Failure to tackle government overspending and debt has undermined investor confidence. Last-minute shopping often leads to overspending.
    dictionary.cambridge.org/dictionary/english/oversp…
    To spend more than is prudent or necessary. v.tr. 1. To spend in excess of: overspend one's income. 2. To tire out; exhaust: was overspent with toil.
    www.thefreedictionary.com/overspending
     
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