A wallet, often referred to as a purse, is a small, portable accessory used to store and organize personal items. It typically holds items such as cash, credit cards, identification, and coins. Wallets come in various styles, sizes, and materials, catering to different preferences and needs. Many wallets are designed with compartments and slots to keep items secure and easily accessible. Some wallets also feature additional functions, such as RFID protection to prevent unauthorized scanning of credit cards. Overall, a wallet is an essential item for managing everyday finances and personal identification.