I love making these little pocket clutches(pattern by michellepatterns)
They don't require all that much fabric, and you can add little details easily.
On this one, I stitched around the roses in pink embroidery floss...you'll probably have to click on the photo to see ;)
There are 2 inside pockets. Small, yet they are oh so useful! I use mine all the time and stash gum, aspirin and so forth. I just noticed this one fits my smart phone that measures about 5 x 2.75 inches...Handy!