My wallet is a little credit card holder that came out of a larger wallet. All I need is something to carry my credit card and insurance card, and the occasional gift cards that I have. Any cash I have can get folded up and stuck behind one of the credit cards. (I dont have a checking account, so I dont need a big huge checkbook holder.)

the credit card holder usually stays in my jeans/shorts pocket, so normally my cash and cards and cellphone are with me on my person.

That way if I lose my purse, I dont lose anything more than some tampons and an ipod/kindle. (I can always get another ipod/kindle if I lose my purse, credit cards tho, I'd have to call and cancel) My ipod has my name engraved on the back of it. If someone goes to pawn it, I'll probably get it back. If I lose the Kindle, my plan is to call Amazon and have it bricked as soon as I can.