In this paper, we highlight the efficacy and usability of smartphone based tracking through Bluetooth. The studies show that misplaced items adversely impact our lives, whereas tracking technologies are still maturing. Our survey in China, USA and UK reveals that 95% users are ignorant while 94% are in demand to smartphone trackers. An in-depth analysis of tracking schemes formulates the Bluetooth based location estimator to be the optimal candidate. We comprehend a trade-off between

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... ndependence', and, a 'location accurate', 'budget-friendly and 'energy-efficient' solution. A user can launch the smartphone application which provides the initial crude tracking of a tagged item / personnel, whereas, the exact localization can be assisted by audio-visual aids in close proximity. We foresee our study to invoke public awareness about availability of such facility as well as to work as roadmap for cellular companies to facilitate their users while incorporating such application in their smartphones.