Abstract: A small, flat purse or wallet, having internal compartments with closeable openings adapted for holding and carrying a variety of small personal articles, such as keys, change, passports and the like, includes a larger tote bag attached to the purse in a flat, folded condition and contained entirely within one of the compartments. When the bag is fully deployed from the compartment and turned inside out, the purse is securely disposed flat against an inside surface of the bag, with the openings into the compartments accessible only from within the bag. After use, the bag is folded back into the purse for storage and reuse.