'Smart Purse' Seals Itself To Prevent Overspending

February 7, 2014


This is the iBag, a $200 bag that proves people are still naming things by just throwing an i in front. I thought we were over that. The iBag is a 'smart purse' that can seal itself to prevent overspending. Cool, but I would just cut a hole in the side with a knife. No purse is keeping me away from new shoes.

Using an Arduino processor and a real-time clock, Finder.com.au's iBag prototype has been designed to physically deter shoppers from accessing their wallets during the times of day they're most vulnerable to spend.

The purse is also equipped with a GPS chip and LED lights that flash when a shopper gets too close to his or her favourite shops, or, as the company puts it: "when you're entering a danger spending zone."

RFID modules record every swipe of a shopper's wallet leaving the bag and a GSM module can also send text messages to a "responsible other" party, like a husband, wife or parent.

What if you don't have a "responsible other" for the bag to text if you're overspending? What if your "responsible other" never gets the text message because they spent all their phone bill money on new dresses, then what? "Sounds like you're projecting." EIGHT HUNDRED DOLLARS ON DRESSES?

Keep going for a video.

Thanks to Thaylor H, who agrees the key to not overspending is already having all your credit cards maxed out so they get declined.

  • @gimmegadgetsuk

    Now would this stop any women from overspending ??

  • westmclarenmerc

    A purse that prevents overspending that costs $200. If you're going to spend $200 on a friggin purse you might think that you're already overspending. I woman really want to stop themselves from spending too much, they should just put the money where it belongs. In her husband/boyfriends pocket.

  • Vladeon

    Perhaps you will be surprised to find out that most bags of this style and size are around 350-500, and that's without going into designer handbags which can range from 800 for a Michael Kors all the way up to 15,000 for a Hermes (if you can find one or get on a waiting list).

  • westmclarenmerc

    No, not surprised. But you might be surprised that there are non-branded handbags way bigger than this for just $50. They might lack a little bit in quality but the purpose is the same.

  • chris

    that thing should have retrospect ability, it should tell you not to have bought the bag and stop being an idiot, it like buying a £1000 money box and having nothing to put in it

  • fdfdafdsa

    I thought it said steals itself

  • Dik Litenin

    I would much rather have a purse that steals stuff for me to prevent overspending.

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