Smartwatches are the latest trendy wearables today. They don’t just show you the time, but are used for a range of activities that include tracking your daily health and fitness activities, notifying you of calls or messages on your smartphone, showing you the weather and so on. And now for the first time, one pretty lady has devised a smartwatch that can monitor your financial activities as well and warn you off on further spends if you’ve overshot the budget. This device is aptly called the Cash Smartwatch.
The Cash Smartwatch
Nicole Lapin, the young financial expert who is seen on popular networks such as CNBC and CNN and who has her own production company Nothing But Gold Productions is the brain behind this Cash smartwatch. This lightweight wearable expense tracker has a 1.54 inch capacitive touch screen and doesn’t have to be paired with any device to work. It includes a stylus for easy data entry and is compatible with both the Mac and the PC. The device is particularly aimed towards young women between the ages of 18 and 34, but there are multiple strap options that are available for men too. At the moment, it comes with three strap options, a crocodile-style white, black silicone and a patterned silver one.
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Now despite its “smartwatch” tag, it doesn’t offer the usual smartwatch features such as letting you take phone calls or checking your email. Its key focus area is to get you to watch your impulsive buys. Every time you purchase something you enter the price of the item in the watch interface by tapping it. There are special categories created for the purpose such as food clothing and so on and you must select the appropriate category while entering the values. Before you start adding your expenditures, you need to input your monthly expenditure targets.
The Cash Smartwatch Teaser
When your expenses are nearing the targets you set for yourself, you’ll be made aware of it on the smartwatch’s home screen itself. You can see how much you have spent in each of the categories from the green line on the screen and how much you still have left to spend. If you spend too much, this will show up as a red line.
There are plenty of budgeting apps available today, but nothing that oozes style and attitude like this daily expense tracker. It presents boring financial information in an interesting way and gives you feedback in a charming way such as telling you to take the damn bus when you’ve overspent or high fiving you when you manage your expenses well.
The Cash smartwatch costs $139 and will be available for purchase online or via HSN and you can visit the official website to get notified of availability.