Wednesday, July 7, 2010

The Proverbial Wallet: Turning Spenders into Savers


So yesterday we told you about the car that drives by its self when it thinks you’re too reckless. If that doesn’t make a straightedge out of you, then maybe this wallet would.

Check out the wallet that gets harder to open as you get lower in funds. Currently being developed by MIT, this Proverbial Wallet does three things that your regular wallet can’t do: First, it grows and shrinks depending on how much money you have in your accounts; it vibrates whenever you make a purchase using a credit card; and finally, it resists being opened when your bank account’s balance is running low.

We don’t know much about the technicalities of this gadget yet, but according to Techland, it “would apparently use the Bluetooth connection on your cell phone to relay bank information.”

We have to say, this is the type of gadget that may piss us off during those days when we’re tempted to splurge our troubles away, but in the long run, people are going to end up thanking it. Besides, in this day and age, it’s very rare to find a gadget that urges us to save money instead of the other way around.

[via Techland]

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