Punches are another item that I find people hang onto tightly. I don't quite get it in this day and age of Cricut machines and the like. To me, punches are more trouble than they are worth, they are heavy, break easily, are difficult to maintain and hard to transport. I also find that only a few of the punches I had when I owned many, were being used frequently enough to counteract the drawbacks. So, if I can pry some of these from your hands, these are the questions you need to ask yourself.
How often, honestly, do I use this punch? If the answer is rarely, off it goes.
Is storing or transporting this punch more difficult than the benefits I get from having it?
How many of one type of punch do I need? For instance, you DON'T need to have a circle punch in every single size out there.
Can this shape be made faster and easier on my trimmer. This includes all rectangles and squares, you really shouldn't need any punches in these shapes.
Just for your information, this is what I keep (I do own a Cricut). I have circles in about three or four sizes plus one scalloped circle. I own three hand punches (mentioned in the tools post) 1/4", 1/2" and 1/16". That's it, anything else I can make on my trimmer and Cricut. If my Cricut machine cut perfect circles I wouldn't even have the circle punches. Go spend 15 minutes on your punches.