A satchel and wallet combination assembly includes a container that is flexible and includes a perimeter wall having an upper end open to access an interior of the container. The container may be manipulated into a folded condition wherein the container is folded multiple times upon itself and into a deployed condition wherein the container is unfolded. A wallet is attached to a front wall of the container such that a top edge of the wallet is positioned adjacent to the upper end and the first lateral edge of the container. The wallet is positionable in the container when the container is in the deployed condition. The container is abuttable against the wallet when the container is in the folded condition such that the container has a length and width substantially equal to a length and width of the wallet.