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Self-Locking Handbag Curbs Impulse Spending ... For a Price

It seems paradoxical and a little more than ironic to shell out $5,000 for a handbag that purports to save you from impulse spending, but perhaps the designers of the iBag2 were considering the fashion accessory as an investment piece. The technologically enhanced handbag is the second iteration of a previous concept bag, the iBag1, which flashed warning lights and sent SMS alerts whenever users removed their wallet. Executives at personal finance website collaborated with...

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