Sometimes you want a purse. Other times all you need is a wristlet, a small bag that can hold your essentials and is easier to carry.

Kate Spade Outlet has the best of both worlds.

The Lena Convertible Wristlet, normally $189, is on sale for $55, a savings of 71%. What makes it even better, however, is you now can get an extra 20% off automatically applied when you add it to your cart, making it only $44.

The best deals are on colors Daffodil, Shimmer Pink and Cherrywood but other colors are marked down, too. You can see all your color choices here.

What makes the bag great is the strap so you can wear the bag over your arm, or with a change of the clip, use it as a wristlet. The bag is just the right size as well, with three interior credit card slots and a zip closure.

The bag is just one of the great deals right now on the Kate Spade Outlet:

Rosie North South Crossbody -$76, normally $279

Lena Colorblock Satchel – $100, normally $429

Kayla Large Shoulder Bag – $115.20, normally $429

Kayla Crescent Shoulder Bag – $101.60, normally $379

Lena Suede Bucket Bag – $102.40, normally $439