A bib holder is provided that is useful for securing a bib in place. In one embodiment, the bib holder includes a strap and at least one fastener that is useful for retaining the bib, in addition to at least one compartment that is capable of storing an item of suitable size and weight. The compartment can be attached to the strap, or be a part of the fastener. In various embodiments, at least a portion of the surface of the compartment is reflective. Additionally, the compartment of the bib holder can optionally include indicia thereon. In certain embodiments of the invention, moreover, the compartment includes a plurality of sub-compartments.