Cheap and chic, at the risk of sounding cheesy
I normally avoid The Gap because it's way too identifiable. You could probably show me a wide variety of Gap clothes from, say, 1988-1995 and I could probably tell you exactly what year they're from, just because everyone in the [insert number from 7 to 12 here] grade was wearing it when it came out. (For example: Denim striped shirts? Very 9th grade for me.)
However, I no longer live near a Gap (at least for another six months or so), and so I think it's perfectly fine to covet this cute raffia clutch purse, priced at only $19.50. I believe my Teen Vogue showed it available in a wide variety of colors, so keep an eye out if these won't do.