For English, Literature, BusMan and Further Maths.. I have the ring binders and loose leaf. Every other year I had used just exercise books, but after a student speaker (who just finished Year 12 the year before or something) came in and stressed the fact we should use loose leaf with the folders instead, I decided to take it upon myself to listen. The idea of being able to move my notes wherever I want sounds great to me!
For Accounting, I was advised only to have a display folder.. The work goes in the workbook (duh!) and the handouts are really just notes. Hence, display folder.
Also, I figure, if I need more stationary than that - I can just go buy it throughout the year. :buck2: