Child's Beanie Purse

original hat

I goofed up awfully bad on a beanie. First I knit it too long so I ripped it out to try again. That was a mistake. I started ripping it out from the bottom and the stitches would not come apart easy enough so I was force to cut the offending pieces off. The tension of the yarn changed but I didn't change my needle size so the circumference of the rim changed to too big.

All is not lost. I changed it into a purse!

With size 7 or 8 needles CO 96 stitches and

join in round (place marker to note beginning of round) and knit in 2x2 (k2, p2) rib for 1.5 inches

knit one row in MC

change to B and knit one row

change to MC and knit one row

then start fairisle pattern:

1) *k1 with B, k1 with MC*

2) k with MC

3) *k1 with MC, k1 with B*

4) k with MC

continue with pattern until piece measures 5 1/2 inches from cast on edge. End with an even round (2 or 4)

knit one round with B

knit one round with MC

follow pattern and knit for total of 5 1/2 to 5 3/4 inches 

Decrease: 
k10, k2tog 
k 
k9, k2tog 
k 
k8, k2tog 
k 
k7, k2tog 
k 
k6, k2tog 
k5, k2tog, 
k 
k4, k2tog 
k 
k3, k2tog 
k2, k2tog 
k 
k1, k2tog 

k2tog

Cut a 6 inch tail. Thread through remaining stitches and cinch tightly.

Weave in loose ends.

Then knit an i-cord at least 20-24inches long. To knit an i-cord  view this video (it's near the end).

Thread i-cord through rib to form handles.