"Intelligent" handbag that prevents unnecessary spending

(Photo: creditcardfinder.com.au)

Wishing to help shopaholics to restrain their passion for spending money, Australia`s Credit Card Finder has designed an intelligent handbag that locks automatically when there is a danger of temptation.

As soon as you enter your shopping ‘danger zone’ the bag lights up with a LED light warning signal that’s triggered by a GPS chip.

If you decide to ignore this and make a purchase, the bag will track your wallet being taken out and send an SMS to your nominated ‘responsible other’ to let them know you’ve had a spending relapse.

Still a prototype, this handbag called iBag is primarily intended for women because a research shows they’re more likely than men to splurge and less likely to pay off their cards in full each month.