Then I made one of these notepad folders as a birthday present for Sudha. I got the pattern from Pink Chalk Studio, and it was really nicely designed with clear instructions.
The outside is a Sherrill Kahn fabric. Turquoise ribbon wraps around the button for a closure. I chose similar colors, but lighter, for the inside. One pocket holds a 5" x 8" notepad. The other smaller pocket can hold other loose papers, plus there's a tiny pocket for cards or clips or whatever. It was pretty easy to do, and took a couple of hours. I plan to make more.