Let's be right up front about this, I HATE THEM! They're a pain in the patooy. I know why the laces are too long, it's cost effective for the shoe manufacturer to only have to stock one length of shoe laces, long ones fit (HA) all lace up shoes. But knowing that does me very little good.
What to do with your long laces? You can tie extra long bows, you can double knot them, use the extra holes at the top of your shoes, cut them down, wrap them around your ankles or spend the day tripping over them. Right now I'm double knotting them, but I'm not happy, knotting them once is bad enough, double knotting them requires more manuel dexterity than I have.
For my next pair of shoes I think I'm going to get ones with velcro closure, then I'll officially be older than dirt and have to move to Florida.