I've always thought that clutch bags were pretty useful.
The problem with clutches is that it's oh-so-easy to leave it somewhere. I like my bag firmly affixed to me. And I can't say I've ever seen a European man who wasn't probably a veteran of the second world war carrying one. My bag of choice, as I've previously mentioned here, is an Austrian Bundesheer-issue map-case in a thick and durable if rather unyielding leather, dyed olive drab. It works well for what I need to carry, and as far as durability will probably outlast my grandkids. The only thing in my pocket is my cell, because it doesn't ring particularly loudly and the vibration mode is nice and strong. When I go out and don't want the bag. My cell, a Siemens S40, has borderline acceptable organiser functions, and I can sync it to my Palm and Outlook, so when I go out and want to go light I usually just take it and a plastic credit-card sheath and put a few bills, credit card, and transport stuff (monthly pass or d/l) in it. A nice moneyclip would be more elegant, but I have one floating around somewhere and don't want to buy another until I find it.... Peace, JG