So let’s go through the list of different types of bags.
Hobo bags are typically large and half-moon shaped bags, attached with a long strap to hold it over shoulders. Its shape makes it wearable for both formal and casual occasions.
Minaudiere is just like clutch encrusted with pearls and stones. You can carry these on parties like weddings, cocktails, etc.; these are just nothing but another party clutches.
Saddle bag is attached to saddles; they are often made of leather. Many bag designers get inspired by saddlebags and make them, even though they called saddlebags, but actually, they are not.
A satchel bag is traditionally made for carrying books, but nowadays these bags are used to take for work. You can carry your office stuff inside this. If you have a good quality handbag, you can carry everything inside it.