Abstract: A handbag includes a convertible strap system having a fixed first end and a second end securable to the first end to form a first loop, a second strap having a fixed first end and a second end securable to the first end to form a second loop, and a handle strap extendable between the loops and having an adjustable length. The strap system is configurable between a first configuration wherein the handle strap is adjusted to a crossbody length and extends between the loops, a second configuration wherein the handle strap is adjusted to a shoulder length and extends between the loops, a third configuration wherein the straps are secured together to a form a handle and the handle strap is stored, and a fourth configuration wherein the straps form the loops to be secured to a stroller or the like and the handle strap is stored.