The iBag2 is a digitally programmable handbag designed to flash and vibrate when “danger spending zones” are hit and even self-lock if these discreet warnings are ignored by shopaholics.
Launched by personal finance website Finder.com, the iBag2 is the result of a joint effort from a female-led team of engineers from robotics firm Colmac Robotics Ltd in Ireland and renowned New York-based fashion designer Geova Rodriguez. The first were in charge of the robotics of the accessory while the latter came up with the couture design. Finder claims it has created the unique products to help monitor and curb impulsive spending and avoid buyer’s remorse.
The iBag2 comes with a series of built-in features that remind shoppers of their spending goals whenever they reach for their wallet and even self-locks when it believes that they are most vulnerable. For example, the GPS tracking feature lets the iBag2 know when you are approaching one of your pre-programmed vulnerable spending zones, so it can warn you via flashing amber lights. An RFID system connected to LED lights and vibration motors also sends discreet warnings whenever you reach for your wallet, to remind you of your spending goals. But perhaps the most notable feature of this smart handbag is the self-locking mechanism. A magnetic field is used to snap two steel plates together to lock the bag whenever the built-in timer signals your most vulnerable spending moments during the course of a day or when you enter one of the vulnerable spending zones mentioned above.