Bracelets to avoid excess purchases, how?
If you are one of the women who likes to go shopping every time you have some money in your pocket and spend more than you expected, then this article may interest you.
If you want to avoid this situation and start spending less, they may have found the perfect solution for you. British financial institution Intelligent Environments wants to remedy this common problem with a bracelet that emits electric shocks if you spend too much time buying with your credit card.
The idea comes from Pavlok bracelets, bracelets that electrocute you ‘If you misbehave’, such as if you have skipped the gym or if you have not finished work. In order to take measures when you exceed your necessary expenses, the financial entity has developed Interact IOa platform that allows you to connect smart devices, such as the Pavlok bracelet, to your bank account and thus avoid waste.
The way to control spending begins with the establishment of a minimum amount in the balance of your account, that is, a number of saved balance that you do not want to go below. Once it’s up and running it will give you an electric shock if you go over that limit and will continue to do so if you keep paying for things.
The company thus intends to help you save if you cannot control yourself easily and they ensure that it will be available soon. Do you think it is an interesting idea to save money or have they gone crazy?
Taken from Elle