31 Jan '14, 11am

Meet the handbag that stops you spending

Meet the handbag that stops you spending

Ever wished it wasn’t so easy to dip into your purse or wallet whenever you fancied a new outfit or the latest gadget? Then how about investing in an iBag? The iBag is a programmable handbag designed to stop users overspending on shopping trips. Built into the bag is a processor and real-time clock, which can be programmed to lock the bag at the very times you are most vulnerable to spending. It can even send a text alert to a nominated ‘responsible other’ to let them know when you enter a ‘Danger Spend Zone’. A GPS chip triggers an LED light, which flashes when you enter a pre-programmed zone to warn you that overspending temptation is at hand, while a radio-controlled RFID module records when the wallet is taken from the bag. According to Australian money saving website CreditCardFinder.com.au, which developed the bag, two thirds of credit-card holders spend A$500 (£265)...

Full article: http://home.bt.com/techgadgets/technews/the-handbag-that-...

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