Enhance:

The newest technological innovation to aide Financial Planners are called the Proverbial Wallets. The Proverbial Wallets are a set of three electronic wallets designed to help control people’s spending. Created by the MIT Media Lab graduate John Kestner, the Proverbial Wallets insures responsible financial decisions and both a subconscious and realistic sense of how much is in your bank account. These wallets provide a physical reminder (either a vibration, the wallet will not open, or your wallet will shrink in size) of how much money you have left in your bank account every time you make a purchase. Having this constant physical reminder will make for better cash management and controlled spending.