Thanks everyone. I guess I should have clarified w/ CM - ovals. I like that they are easy, versatile, but I have only been able to use the one oval w/the largest inner circle. The other ovals are too small, and then if I try to use the outer ovals of the smaller templates -- the ovals are very "ovaly". Ok, that makes no sense. But that's my issue w/them.
Just saw a Circle cutter w/Fiskars. Maybe I'll try that.
It depends on what sizes you're using. I have a cuttlebug and invested in the nestabilties in the small and large circles. These are fine for card making but if you are using them on layouts then you might need something bigger. I guess punches could be an option but I find they can get expensive quickly. Before I had my nestabilities I used a stencil, cups, plates, bowls - anything I could get my hands on!
Yes, I think the cheapest would be outlining around different plates or bowls or cups and then cutting them out freehand. Otherwise, CM really IS supposed to be very good, but a little pricey for my pocketbook. I have circle punches and use my Cricut for larger circles. I've never had much luck using different cutting systems, though - I'm circle challenged!
I bought the CM system (ovals, circles, and I think a few others) years ago and I love it still today. It works well for everything I've put it to and if need be, I can do slight modifications where necessary. I'm also a fan of bowls, pans, whatever is handy that does the trick. lol
I used my coupon at m's and got the martha stewart large circle cutter. It works great! I also have the old coluzzle for smaller circles, but don't use that too much any more. I also use my cricut to cut circles, too.