An inexpensive handbag of the week for you this week folks, and given that we a) love clutch bags and b) love polka dots, it was pretty much a given that we’d also love this polka dot clutch bag by Ann Taylor loft.

What we love even more about this bag is the fact that it’s convertible, so if you find yourself trying to stuff more possessions into it than you can really carry in a clutch, you can fold it out and create a little more room. Oh, and the $39 price isn’t too shabby either…