Could A Shock To The Wrist Help Curb Your Spending Habits?
This wearable approach to saving money is based on Pavlovian conditioning
Intelligent Environment developed the idea of using technology as a means to set up better financial habits. The digital banking company conceptualized a wearable device that would shock users every time they spend money unwisely.
This involves using the technology behind Pavlok, a device that “breaks bad habits” (as described on its website). The company suggests using Pavlok to quit smoking or stop nail-biting. As the website explains, Pavlok “releases a mild electric stimulus while users do bad habits.” Users can trigger it to shock automatically or manually.”