The Cyber Bank Personal ATM Promotes Saving Overspending
Amelia Roblin — April 24, 2011 — Life-Stages
References: latestbuy.au & inventorspot
Spenders might get excited about the prospect of an at-home instant teller, but the Cyber Bank Personal ATM is actually better suited to promote the practice of saving money. The little desktop device has a built-in safe and anti-theft alarm, and only delivers bills when the equivalent value in coins has been deposited.
This gadget is the perfect piggy bank to help teach children of the value of putting cash aside. It can be controlled by a "banker" parent with password-protected settings that limit the size and frequency of transactions. The Cyber Bank Personal ATM system mimics the functions of a real automated teller machine with appropriate prompts and sounds. The personal ATM may guarantee more responsible treatment of funds at a real-life ATM in a growing kid's future.
This gadget is the perfect piggy bank to help teach children of the value of putting cash aside. It can be controlled by a "banker" parent with password-protected settings that limit the size and frequency of transactions. The Cyber Bank Personal ATM system mimics the functions of a real automated teller machine with appropriate prompts and sounds. The personal ATM may guarantee more responsible treatment of funds at a real-life ATM in a growing kid's future.
Trend Themes
1. Home Banking Devices - The Cyber Bank Personal ATM is part of a trend towards household withdrawal devices that promote saving over spending.
2. Financial Education Tools - Devices like the Cyber Bank Personal ATM are part of a trend in using technology to teach children the value of money and responsible financial habits.
3. Enhanced Piggy Banks - The Cyber Bank Personal ATM demonstrates an innovative approach to piggy banks by providing features like a built-in safe and anti-theft alarm.
Industry Implications
1. Personal Finance - The Cyber Bank Personal ATM falls within the personal finance industry, offering a unique product for individuals looking to manage and save money at home.
2. Education - The use of technology-enhanced financial education tools like the Cyber Bank Personal ATM opens up opportunities for the education industry to promote financial literacy among children.
3. Consumer Electronics - The development of innovative devices like the Cyber Bank Personal ATM highlights the potential for disruptive innovation within the consumer electronics industry, particularly in the realm of personal finance and money management.
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