The Phaninc Exchangeproducts featured in this article are from brands available in NBCUniversal Checkout. E! makes a commission on purchases.

We love a good deal, which is why we're so excited about this latest find. 

Our shopping editors have been seeing a certain quilted carryall bag everywhere this season, but considering it retails for $68, we hoped to discover a budget-friendly alternative out there somewhere.

And guess what? We did!

The affordable quilted carryall bag we found below looks nearly identical to the one you've seen all over the internet, but this one is just $18.

If you're using girl math, that means you just saved $50. 

You're welcome. 

Why People Love This Quilted Carryall Bag

Apart from the fact that it has a cozy and cute feel, this quilted carryall is adored for its versatility and functionality.

It's spacious and lightweight, plus its unstructured style means you can stuff this tote bag to the brim. It is a carryall bag after all, so it's the ideal choice for your personal item on flights or for overnight stays.

It even makes the perfect gym bag or work tote, since you can fit a change of clothes, your laptop, and a water bottle, in addition to your daily essentials.

It's even made from durable nylon that's super easy clean.

So, if you've been eyeing the trending quilted carryall bag but haven't wanted to drop $68, now's your chance to score it for just $18!

Shop the budget-friendly alternative below.

Featuring a trendy quilted construction, this carryall can be taken anywhere from the office to the gym and even on your next travel.

At just $18, it's an absolute steal (and the best alternative to the $68 version).

This spacious tote is available in black and white.