Or pick up a standard size hole punch with movable punches (uses
a screwdriver to loosen the punch). Set up for the 5.5 inch
paper. Costs about $10-12.

I find the 2 in to be much too large to use comfortably. I go with
a number of the 1 in 5.5x8.5 binders. I can put two states in
each one.