There's a bag that will stop you from spending money when you shop

Beauty Hacks: Gym Bag Edition

Imagine a bag that will stop you from overspending when you're shopping, or a bag that warns you when you're over your budget or nearing a shopping danger zone (you know, Sephora). Sounds like something Judy Jetson would wear, right? But this bag actually exists and it's on sale now.

Designed by financial site finder.com, the iBag2 uses various alerts to make you put that credit card down. (The first version was announced on social media, but never went into production.) It will flash, vibrate, and lock itself if you try to reach for your wallet. We don't know if we should be in love or completely terrified.

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The iBag2's built-in GPS tracks where you are and what stores you're near—hence the bag lockdown if you go too close to Barneys. If all of this seems a bit too Big Brother to you, there's also a health component: Every two hours an alarm will go off to remind you to reapply sunscreen. You can also charge your phone and other USB devices.

"The iBag2 collects details on every time you take out your wallet, by using RFID cards (Radio Frequency Identification)—the same technology used for security swipe cards," Michelle Hutchison, the money expert at finder.com, told us via email. "One RFID card is sewn into the lining of the bag and another is placed inside your wallet. When your wallet leaves your bag and is a certain distance from the other card, the computer at the base of the bag records these details." However, Hutchison says your data is completely safe and isn't sold or used by anyone else. And she assures us that "there will be security measures in place to protect user information to prevent hacking and keep user info safe. The bag doesn't collect bank details either."

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But we have to wonder why anyone would really need this bag. If you need a gadget to keep you from opening your wallet, then perhaps it's time to work with a financial planner and be serious about your cashflow and budget. And the whole alarm thing kind of freaks us out. (Though we admit, it's better than the Living Wallet, which literally runs away from you if you spend too much.) While it's great to have technology help us with saving, shelling out $5,000 for this doesn't seem like sound advice to us. (FYI, that's how much a Chanel bag costs and that one's an investment piece, at least.) And if you're still interested, the company is releasing a men's version of the bag in December.

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Scroll through to see the best travel bags this season:

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The 10 best travel bags
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The 10 best travel bags
Caraa Sport Tote
Thanks to this stylish tote's sleek compartments, you'll never have to worry about having space for that extra pair of shoes or cozy sweater. And did we mention that the bag has a phone charger? Consider us sold.
BUY IT
Everlane The Twill Weekender
This simplistic bag is the ultimate companion for a weekend away. With no frills to get in the way, traveling will be a breeze with this chic weekender.
BUY IT
Bric's 'X-Bag' Carry-On Rolling Duffel Bag
If you're traveling far enough that you have to get on a plane, than this rolling duffel is for you -- with wheels for seamless travel and several zippered compartments for easy packing, it does all the work for you.
BUY IT
Longchamp 'Le Pliage' Expandable Travel Bag
We are obsessed with this versatile weekend bag! Unzip the middle section to expand the bag or convert it into a backpack in a snap -- literally.
BUY IT
Frye 'Logan' Leather Overnight Bag
Even if you're traveling for a whole week, this sleek bag can handle it all. Plus, the leather looks better the more you use it making it a piece you will want to hold onto for years.
BUY IT
Cathy's Concepts Monogram Faux Leather Tote
This tote is ideal for the spontaneous travelers that just like to throw everything into a bag and go. With a cute design and room to spare, this bag is a luggage staple.
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HERSCHEL SUPPLY CO. 'Novel' Duffel Bag
With a shoe compartment on the side and a zippered pocket on the back, there is no shortage of space in this duffel. Plus, its light weight material keeps it from weighing you down.
BUY IT
Ted Baker Womens Albany Softside Large Wheeled Trolley Duffel
This is another great rolling bag that makes a terrific carry-on option for when you don't want to risk losing your bag or waiting hours at baggage claim for a suitcase.
BUY IT
BRIGGS & RILEY Baseline Suiter Duffel Bag
With a "shoe garage" and a slip to slide over your rolling luggage, this duffel bag is perfect for both weekend and week long trips.
BUY IT
Scout Duffy Duffle Bag
The adjustable straps and ample pocket room will help you travel smarter without breaking the bank -- plus, you can personalize your bag with a fun monogram.
BUY IT
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