This is a small bag that's very lightweight.  It's mostly lightweight because the materials are extremely cheap.  It looks okay on the outside-- it's suede-- but the interior is a really junky material, a slippery rough plastic-y feeling fabric that makes a little rustling noise when you're looking for something.  I don't care about this, so I like the purse.  It's divided into 2 halves inside, with a zippered center pocket dividing them.  This makes for 3 compartments total.  I usually put my phone in the middle zippered one so it won't get scratched, then wallet on one side, and keys on the other side. These fit with room to spare.  It's a great size if you don't want to carry much more than that on a daily basis, and it will fit more on the days that you do.  It would fit a small 16.9oz water bottle if you needed it to, although that would take up all of one side.  UPDATE - 10 MONTHS LATER:  This is my daily purse.  As small as it is, I have a hard time finding things in it, due to the inside lining being black-- you can't see what you're looking for.  For my next purse, I'll look for one with a light-colored lining.  Also, the hardware for the center pocket zipper broke, about 4 months in.  It slid right off.  9 months in, the lining started to tear away from the wall of the purse.  The outside still looks great.   All that being said-- what do you expect for such a low price?  I still don't regret buying it, although I would have if I'd paid more.