Clutch bags are back in a big way this year, and they’re not just for award shows anymore. The sleek and compact clutch is perfect for almost any event: girls’ night out, first date, birthday party, prom, etc. Though they’re probably not the best option for a beach trip, they’re pretty versatile nonetheless.

There’s no doubt that designer bags are the ultimate status symbols in our society. Unfortunately, the cost of most major designer bags can be headache inducing. But don’t despair just yet because you can still hit the town with a sophisticated clutch under your arm and save yourself a ton of money. The truth is that a cute evening bag doesn’t have to cost you a small fortune. Want proof? Check out the two stylish black clutch bags we have pictured.

On the right is the Guess Tamara fold-over wrist clutch priced at $48, available at guess.com. On the left is the Gucci Papillon evening bag with a price tag of $695, available at gucci.com.