Whether you like to admit it or not, you spend a lot of time looking for keys, your wallet, your phone or your bag to put it all in. In fact, on average, we spend about 10 minutes a day looking for lost items, which doesn’t seem like much on a day-to-day basis, but when you zoom out, that’s 153 days out of your life. We can think of better things to do with 153 days (epic vacation, anyone?). The team at Texas-based company WeTag agrees, and that’s why they’ve invented iFind, the first battery-free item-locating tag.

iFind’s app connects a single or multiple tags to your iOS or Android device simply by waving your phone near each tag. Once paired, the quarter-sized tags can be stuck, hung or placed on whatever items have a tendency of getting lost in your purse, between couch cushions and under junk mail (haay, keys, there you are!).

If your valuables go missing, simply open the app and set it to “lost.” The tag will then begin to beep, and you’ll be able to recover your item without screaming, swearing or frantically pulling apart your apartment (not that we ever do such things).

Other functions include reverse lookup (shake a tag to find your phone — genius), and UHelp which lets you share specific tag(s) with friends so they can use their devices to help your search (you’ll owe them a beer afterwards). Our favorite feature is the Rope Function, which allows you to set certain tags to notify you if your items leave a 200-foot-radius range of your phone. This is especially helpful for things that get left behind at bars or restaurants. (“I think I left it on the sink?”)

Now you might be wondering what the similarities and differences are between iFind, Bringrr, WiseButton or some of our favorite Dog Trackers. To start, iFind’s tags will beep if you mark them as lost (Bringrr’s tags beep too, WiseButton uses an on-screen tracker), and all three offer reverse lookup so you can find your phone. What makes iFind stand apart from the competition is that it is battery-free and uses captured electromagnetic energy to power itself. That’s right: There is NO battery to replace or charge. It’ll give you the peace of mind that when you need it most, it’ll be ready for you.

If you’re thinking about picking up some tags, better act now as they’re blasting through their Kickstarter goals. They’ve already raised over $200,000 with a goal of $25,000. And you can have your very own colorful tag for a mere $16 pledge. Not too shabby.

Are you itching to get your hands on some of these awesome little bits of tech gadgetry? Tell us in the comments below!