Abstract: A tool monitoring device and method for using a tool monitoring device, the tool monitoring device including a housing configured to couple with an exterior surface of a tool, one or more sensors positioned within the housing and configured to measure one or more properties of the tool over a period of time, a communication interface configured to transmit data from the tool monitoring device to one or more external devices, the transmitted data being generated based at least in part on the measured one or more properties of the tool over the period of time, and a power source configured to provide power to the one or more sensors and the communication interface.