We know how it is. Your salary comes in and suddenly your bank account that looked miserable a week ago suddenly seems full and happy, and so begins your spending spree. Before you know it, you’re back to where you were the month before. The good news is that a company by the name of Intelligent Environments wants to help you start saving.
How will they do this? Simple, by giving you a little electric shock via a wearable when it detects that you have spent too much money. If you’re wondering why this sounds familiar, it is because the wearable in question is the Pavlok that was launched in 2014. This is a wearable designed to help users develop good habits through negative reinforcements.
The folks at Intelligent Environments took advantage of that feature and built a platform that will link to your bank account. Users can set a limit in terms of how low they want to allow their account to go, and should it reach that mark or below, prepare to receive a 255 volt shock on your wrist.
Unfortunately while the idea is clever and a little novel, it does not sound like there are banks who have yet to come on board, but shock factor aside, Intelligent Environments claims that there are already several British banks that use their existing online banking platforms, but what do you guys think? Is this a good idea? Could you be shocked into saving money?
Filed in Wearable Tech.. Read more about