Smart Wallets - These 3 wallet that can stop you from spending money you don't have. MIT student managed to develop 3 tech Wallets that can alert you about your spendings.
Since we've got plastic cards which even can buy for us when we don't have single penny. Actually we spend the money which we don't have and in reality its a big pain to payback that amount than killing your desire to buy things.
Proverbial Wallets have three types developed by the MIT:
1. The Bumblebee:This wallet buzzes through a vibrating motor whenever your bank processes a transaction. This encourages a conscious connection between handing over your credit card and your hard-earned money being harvested from the bank, and alerts you to fraud when you get a buzz without making a purchase
2. The Mother Bear: This wallet protects the money within it when you need to be thrifty with a hinge that resists opening. It's non-intrusive, noticeable only when you use the wallet normally. This can be mapped to a monthly budget goal. It promotes saving to weather out financial winters.
3. Peacock: This wallet swells and shrinks to reflect the balance in your accounts. Your assets will be on display to attract potential mates.
"The Proverbial Wallets are working prototypes, tough enough to sit on. They communicate with a cellphone through Bluetooth, using its data connection to get financial information from the user's bank accounts. These are built using Information Ecology's Hands and Fingers platform."