I've been saving birthday and christmas pennies up because I wanted a camera that I could carry around easier than my DSLR, but I didnt want to lose the functionality... The only differences between my compact camera and my DSLR is that I cant change the lens

and it doesnt have a regular viewfinder... although it can have an EVF... It does RAW, Aperture/Shutter/Manual settings, and unlike my DSLR it has HD video capabilities too... all in a size that is easy to fit in my handbag.
I got one of these little beauties
Olympus Compact Camera