We’ve all been through those moments of sheer panic when we pat our pockets or go frantically through our bag and can’t seem to be able to locate our wallet or phone. And the dread you experience when you realize you can’t remember where you left two of your most precious items. If you never want to feel like this again, the SmartWallit is the best solution for you!

The SmartWallit is a truly revolutionary gadget that connects your wallet and smarthphone via Bluetooth 4.0, helping you keep track of both. The accompanying application allows you to make the SmartWallit or the phone to ring if you cannot figure out their location. To make things even easier, the app will show you the distance between you and the item you are looking for.

SmartWallit: Keep Track of Your Wallet & Phone

You can also set the device to beep if you leave your phone or wallet behind. And if you just don’t want to worry about losing your wallet, the SmartWallit can be programmed to vibrate at regular intervals, to remind you that it’s still in your pocket.

The application will also keep a record of your payment history, logging all the dates when you opened your wallet, allowing you to revisit your payments when you can’t remember exactly what you purchased, where and when. The SmartWallit device can also be attached to other items such as your key ring and can act as a card holder if you just don’t want to take your wallet along.

connect your wallet and smartphone

SmartWallit has a range of 100 feet (about 30 meters) and is powered by a rechargeable lithium-polymer battery. The device is under 0.2 inches (5mm) thick, weighs 0.9 oz (25 grams) and measures 2.4 x 1.4 x 0.2 in (60 x 36 x 4.9mm). It is available in three colors (black, white and brown) and is currently on Kickstarter, where you can order it for a $49 pledge.

The device was designed by SmartWallit Inc., a company founded in the United States and now based in China. Manufacturers plan to finish development in June and start shipping in July, with an expected retail price of $60. The SmartWallit app works on all iPhones and iPod Touch devices with iOS5 and will be available for Android users later this year.

[Images via Gizmag]