A wearable wallet has an elastic multi-part strap strung through two holes in the wallet, one hole in a cover flap over the wallet compartment opening and one hole in the bottom of the wallet back. The strap is composed of two conjoined loops forming an elongated “figure 8” where one loop is small and one loop is large. The small loop is just big enough to allow the large loop to be inserted through, causing the large loop to be divided into two parts. These two parts function as securing loops which can be variably proportioned and wrapped in a variety of useful ways, allowing the wallet to be easily reconfigured for wearing as a small purse dangling from a strap, as a wallet attached by elastic straps directly to an arm or hand or leg, or attached to a belt or some strap on clothing.