While the big bag was made from the base up, this one was made from the top down. They turned out looking very similar, though, so I think they make a nice matching pair. This way, Mom can, for example, take her school things to work, and then just take the small bag with her wallet and keys in when she stops by the store on her way home. Very handy.
This one also needs to be felted. Updated photos when it's finished.