Handbags are among the most functional, hard-working accessories in our closet. They hold all our day-to-day items, shielding our valuables and not-so valuables from inclement weather, damage and theft — and, in most cases, they help complete our polished look.

But now more than ever before there are so many choices, at so many price points and in every fabrication and color known to womankind, it’s almost overwhelming to understand what is — and isn’t — worth the money. Here’s a guide to the only 10 types of handbags you’ll ever need, with low- and high-priced options.

1. The Leather Day Satchel
2. The Day Clutch
3. The Cross-body
4. The Evening Clutch
5. The Straw Basket
6. The Medium-sized Shoulder Bag
7. The Chic Tote
8. The Casual Day Bag
9. The Iconic Bag
10. The Color Bag