Well here's the proof that I don't waste anything.
After cutting out the wellies you can see that there wasn't a lot of waste. I used the small leaf punch to cut out the leaves that are on the right hand side. I think there were about 20 leaves that went into the jar of bits that I use regularly.
I keep this punch together with a couple of small flower punches and a small heart punch close at hand all the time.
The leaves on the wellies card are kraft card and were from this jar of punched bits.