Q - How do you know when you have no money?
A - When your wallet does not open.
No seriously.
Some people over at MIT have built three different wallets.
- Bumblebee. - The wallet buzzes through a vibrating motor whenever your bank processes a transaction.
- Mother Bear, - The wallet protects the money within it when you need to be thrifty with a hinge that resists opening.
- Peacock. - The wallet swells and shrinks to reflect the balance in your accounts.
Proverbial Wallets from John Kestner on Vimeo.
We have trouble controlling our consumer impulses, and there's a gap between our decision and the consequences. This is magnified by the digitization of money. When we pull a product off the shelf, do we know what our bank account balance is, or whether we're over budget for the month? Our existing senses are inadequate to warn us.
The Proverbial Wallet gives us that financial sense at the point of purchase by un-abstracting virtual assets. Tactile feedback reflecting our personal balances and transactions helps us develop a subconscious financial sense that guides responsible decisions. In addition to providing a visceral connection to our virtual money, tactile output keeps personal information private and ambient.
This is a project by the Information Ecology group at the MIT Media Lab. Read more at http://eco.media.mit.edu/proverbialwallets/
Credits: John Kestner, Daniel Leithinger, Henry Holtzman, Emily Tow, Danny Bankman