Image: Finder.com

Having a hard time keeping yourself from overspending? Good news, woman who can’t control her shopping impulses: this $5,000 handbag can help.

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Dubbed the iBag2, this ugly-as-fuck handbag is (seriously! not a joke!) designed to prevent women from spending their money.

The iBag2 has a built-in Arduino and a 10,000 mAh power bank. There’s a timer connected to electromagnets that will “lock” the bag “according to your most vulnerable spending moments during the course of a day.” It also has an RFID system that’s connected to LED lights and vibration motors (kinky) that will illuminate each time you take your wallet out. You know, for extra shame.

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But there’s more! The iBag2 also has built-in GPS tracking that will “warn” you when you are near a pre-programmed “vulnerable spending zone.”

Putting aside the inherent sexism of having a self-locking handbag that keeps women from spending money (apparently a male version is in development), I’m almost more bothered by the ugliness of the bag itself.

Image: Finder.com

And it’s interesting that this thing is presumably going to sell for $5,000. If the whole point of the handbag is to curb indiscriminate spending, isn’t $5,000 for something this stupid a really bad idea? We should also point out that there are vastly better handbags you can buy for $5,000—and they don’t lock your shit up, either.

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[iBag2]