Dec 07
What’s one more swipe of the credit card, right? In this digital age, when hardly anyone uses cash anymore, it’s harder to recognize the consequences of each purchase. You don’t feel and see your wallet emptying out. You don’t actually have to count out the bills and hand over your hard-earned cash. Just swipe and your done. The folks over at the MIT Media Lab have created a solution to help you more conscious of the effects of your purchases: the Proverbial Wallet.
The wallet helps you monitor and control your electronic spending by making the consequences of your purchases real. Inside each wallet is a little mechanism that monitors your bank account by communicating with your cellphone over Bluetooth and has a unique way of alerting you about your spending.
There are three models:
The Bumblebee, which buzzes and vibrates with each transaction, making you aware that each time you swipe your card money it taken from your account.
The Mother Bear, which has a hinge that resists opening when you have reached your monthly budget. This wallet is probably only appropriate for serious shopaholics.
And the Peacock, which swells and shrinks depending on the amount of money in your bank account (So your assets will be one display to attract a potential mate, like a peacock’s tail. Get it?).
Video after the jump!
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