A billfolder is constructed from a single pair of blanks formed of woven fabric coated on opposite sides with heat sealable plastic. The various layers or panels of the billfolder are held in assembled relationship by an absolute minimum number of heat seals or ''''welds,'''' thus minimizing the tendency of the heat sealing operations to stretch and deform the material. Because of a small number of heat seals, a number of the billfolder panels may slide or float relative to one another during usage to preclude wrinkling and to enable the billfolder to adjust to the variable thickness of the contents. The parts of the billfolder requiring the greatest strength are formed with multiple layers of the material and all wear edges and exterior edges are folded and rounded as distinguished from raw cut edges. The billfolder is characterized by compactness with maximum carrying capacity for a variety of articles. It is highly economical in construction and resembles fine leather in appearance and feel.