Not everyone can drop hundreds of dollars on handbags, but living on a budget shouldn't preclude the possibility of looking stylish, which is why I like the Liz Claiborne Perfect Fit Shopper, available through JC Penney.
It's croco-embossed synthetic patent leather, available in a great winter blue. There's an attached pouch to help you keep your things organized, plus long handles and outside pockets for higher functionality. Check it out if you're looking for an early Christmas present to yourself!
Buy through JC Penney for $39.99.