I consider myself a Practical Snob, nothing wrong with mastering the art of making life easier for yourself =) But yes, you must still be stylish above all else and luckily there are designers like Phillip Lim on your side. This Handheld Wallet is what I’ve been searching for! A wallet as well as a smart phone holder! There are 2 zipped sides, one has card slots for just your essential cards and cash and the other has an elastic pocket to hold your iPhone or Blackberry. The genius is in the adjustable strap for your hand, so when you are running around all you need is this little helpful hand “clutch”. Sorry, the red is already sold out, but I suspect they will restock soon, the black is available at Barneys New York for $275. Wallet is 4.5″ x 3.5″.