A bag is disclosed for carrying objects wherein the bag is constructed to be collapsed into a pouch for easy carrying. The bag is constructed from a flexible shell member having a bottom. A base support member is attached to the bottom of the bag for providing support to the bottom when the bag is in use. The bag is flexible so that it can be folded down to the base support member and the base support member folded and fastened with a zipper. In the folded and fastened configuration, the base support is constructed as a pouch. Another zipper is provided in the base support for closing an opening provided in the base support. When the bag is collapsed into the pouch, the second zipper cooperates with the bottom of the bag to define a pocket for storage of objects.