I've had to give up my purse in lieu of a fanny pack. I'm having better luck keeping track of it STRAPPED AROUND MY WAIST. There is certain amount of downsizing involved in moving into a smaller pouch and I think I've narrowed down the absolute necessities.

1. Glasses
2. Lipstick
3. Pocket Knife
4. Wallet
5. Gum

What's in YOUR purse/fanny pack?