Last time I did a "What's in my bag?" post was back in 2010. Looking back, since then I have become quite a light traveler. Having a compact little cross-body bag with many compartment also helps. You have everything in place and you do not feel the need to carry crap around all the time.
I still do hoard all that stuff every once in a while, but on a regular basis I can get away with bare minimum. In fact, I have also been known to step out with just my keys and phone. I guess, with time you change! Do let me know what you carry in your bag, in the comments below! :)
Bag - c/o Victoria Leather Company
Wallet - Louis Vuitton
Sunglasses - Ray Ban
Point & Shoot Camera