This is a free downloadable pattern called Buttercup Bag. I lengthened the strap- I made this bag out of 2 fat quarters, but to get the strap long enough I had to piece it. So, I did it like crazy quilting, putting the pieces all together at weird angles and then doing different decorative stitches on it. I attached a matching yoyo over the magnetic closure. The wallet is a pattern I bought at my LQS for $3. It's called Little Wallet by Valori Wells. It is very simple and have since made several. I made this set for a personal bridal shower gift. She loved it! Even took a picture of it and sent it to her fiance! That made me feel great!
http://www.made-by-rae.com/2009/02/f...g-pattern.html