You're supposed to keep your money in the purse, not on it.
The most I ever spent on a purse (handbag) was a 'jag' leather one. It looked nice in the shop and it was on super special which was why I bought it, but after a while I realized that I really don't like the style of it and went back to my backpack style bag which is the most convenient way of carrying my stuff around. The only problem is, sometime I forget I'm wearing it and knock stuff off clothing racks etc. I always carry it by the strap if I'm going into places with breakables.