Gather some magazines and start cutting out rectangles of app. 5x11 cm. Cover them with clear tape and fold them. Put them together in to rows of your desired length (depends on how big you want your purse). I don't have a how to on folding and putting the pieces together, but there are plenty on the internet.

Turn the long strips in to rings by connecting the ends.

Sew the rings together by zig-zagging through them, with a small piece of an old credit card.

Sew the bottom shut, and add a zipper if you want. You can also make a flap on one side and fasten it with a button or something else.