Joseph I Karamian

US Patent:

7721954, May 25, 2010

Filed:

Aug 22, 2005

Appl. No.:

11/207696

Inventors:

Joseph Karamian - Glendale CA, US
Izela Karamian - Glendale CA, US

International Classification:

G06K 5/00

US Classification:

235380, 235486

Abstract:

A combination wallet and real-time account management system for monitoring a user's spending habits includes monolithically formed first and second sections adaptable between open and closed positions. The system further includes a mechanism for detecting the presence of a credit card and an audible mechanism for notifying a user when a credit card is removed from the wallet and not replaced within a predetermined time interval. An electronic mechanism for performing mathematical calculations is integrally situated within the wallet and non-removable therefrom. The first section includes a plurality of pockets sized and shaped for receiving and storing credit cards. Such pockets are spaced along the first section of the wallet. The second section includes a plurality of pockets sized and shaped for receiving and storing paper money and a personal checkbook.