5 Must-Have Handbags

The Everyday Bag

The first must-have style is the everyday bag, the purse you take with you to work, to lunch and to pick up the kids. It's your catch-all bag. Because you will use this bag the most, Joe says to choose a neutral color like black, navy or brown. "You can pick it up and leave, and it will match everything you're wearing," Joe says.

The key is to choose a bag with multiple compartments to organize everything you carry. "So that every night you're not looking for your keys," Oprah says.

MICHAEL by Michael Kors Beverly Large Bag; Zappos.com