Abstract: A novel pocketbook is disclosed, which comprises a pocket portion and a tail portion that is foldable. The pocket portion comprises a pocket and, optionally, a fastener to prevent the contents of the pocket portion from spilling out. Additionally, the pocket portion may contain a nested pocket to allow for better organization of the contents. As another option, the pocket portion may include a stiffener to allow for easier placement of the pocketbook in a pant pocket. The tail portion is comprised of foldable material and may also contain a split pocket that may be lined with a soft non-abrasive material. The tail portion may be used as a handkerchief and as an eyeglass cleaner. The tail portion may be designed fold over the lip of a pant pocket, thus resembling a bandana dangling from the pant pocket.