Uh, price check please?! This Kate Spade bag and wallet bundle really is $470 off

The long weekend is here, and Presidents' Day sales are in full swing! From major discounts on wardrobe staples to kitchen favorites, there are plenty of savings to be had. One sale you definitely don't want to miss? Kate Spade Outlet's Presidents' Day sale.

Right now, the retailer is offering steep savings sitewide — you can score up to 70% off everything and take an extra 20% off select styles on top of that. A serious standout in this sea of deals? The Madison Medium Satchel Bundle. This duo regularly retails for $628, but you can snag it for $158 and get a free tote bag to sweeten the deal even more — that's 74% off, and a massive $470 in savings.

Why is this a good deal? 💰

Deals don't get much better than this. Remember, this is a bundle deal, so you're getting a leather purse and a matching leather wallet — as well as an adorable pink polka-dot tote — for less than $160.

The purse is usually priced at $429 and the wallet is usually $199. And while these are gorgeous leather styles, those prices would definitely put the pieces firmly in the investment category. So while you can buy the purse and wallet separately, the real bargain is this bundled deal. FYI: Both items are final sale, but just look at them — a return will probably never cross your mind.

Why do I need this? 🤔

Whether you're shopping for yourself or need a great gift, this stylish bundle is a guaranteed hit. Both the purse and wallet are made with soft, supple Saffiano leather and feature polished gold hardware.

The Madison satchel is a great everyday bag and has plenty of room for your phone, wallet, sunnies and beauty essentials. Plus, it has a detachable shoulder strap that you can easily adjust to your preferred length. The Madison wallet has a coin pocket, two slip pockets, nine credit card slots, a bill slot and a clear ID slot, but it's surprisingly slim for a bifold.

While we're partial to this classic black duo that can be worn all year long, you can mix it up and purchase the wallet in cream, red, pink or green. You really can't go wrong when it comes to mixing and matching with a neutral!

What reviewers say 💬

Both pieces have plenty of glowing reviews to back them up.

Pros 👍

Many shoppers complimented the purse on its convenient size. "Absolutely stunning bag. Quality is top-notch... [It's the] perfect size — not too big and not too small," wrote one pleased customer. Another echoed that sentiment and shared: "I am utterly in love with this purse. It is very classy, has lots of room and absolutely goes with everything. Would buy this handbag again in a heartbeat!"

One savvy gift-giver wrote: "This purse is one of my favorites. I've been giving Kate Spade as gifts for over two years. I've finally treated myself to one. The materials, details, the styles and the craftmanship are five-star."

As for the wallet, one reviewer explained: "This was going to be a gift for my friend … however, after I opened it, I fell in love, so I got my friend another [Kate Spade] product and I kept the wallet. I didn't know I needed it in my life, but now it's mine."

Cons 👎

While there weren't many complaints, one thoughtful reviewer did remark on a quirk of the bag: "This bag is so pretty! The color is perfect. I got a matching wallet as well. Per another review, it does 'squeak' a little as I pull it open, but [I] feel once the leather is broken in, it will be fine."

The wallet was also a hit with Kate Spade lovers, but a reviewer did note that it's "very stiff, [making it] hard to get cards out and paper money in. I am hoping it will loosen up with use."

The reviews quoted above reflect the most recent versions at the time of publication.