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A company has a new product to help us save money. It is called the Pavlok. It is a wristband that gives us an electric shock if we spend too much money. The Pavlok links to our bank account. It knows how much money we have. It gives us a small electric shock if we buy something but do not have enough money. So far, no banks have said they would give the Pavlok to their customers. This could happen in the future.
The Pavlok wristband is part of the Internet of Things. The Pavlok CEO said people liked it. Shoppers said it was better than getting a big shock from their credit card bill. The Pavlok is good for people who cannot stop spending. People who have no willpower. Many young people are like the ostrich. They stick their heads in the sand to escape real life. They buy things and don't want to know what is in their bank account.
Back to the electric shock lesson.