I have a handbag (sort of - it's a large-ish canvas shoulder bag with bronzey coloured sequins on it - the random pattern reminded me of constellations, which is why I bought it).
I prefer larger bags as I like to keep essentials close at hand - umbrella, purse (as in money carrier), headache pills of various strengths, keys, phone, tissues, sunglasses, hat, notebook, etc. I don't do well with little bags, unless I am only out for a limited time.
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You can't storm the barricades whilst eating a Kit-kat