A bag configured to be worn or carried on the back by a user having a cinched top and including padded straps which extend over the user's shoulders. Each of the straps includes a strap member which may be a cord or a drawstring which is attached to the bottom of the bag and loops around the perimeter of the top of the bag. Each of the straps also includes a padded member which encircles a portion of the strap member to provide additional comfort to the user by cushioning the strap member and distributing the weight of the bag over a larger surface area.