I have the same size separation. I have 1/2 yard and higher on a book case shelf...three stacks per shelf and by color.....with solids on the bottom of the stack and prints on top of the stack. Then I have fat quarters to less than 1/2 yard...smaller than yardage, but bigger than scraps, folded and two rows right to left in the top drawer of a tall dresser of four drawers. Next drawer has same, but some a little smaller or specific kids theme or pieces I am saving for something specific. Then scraps (smaller than 1/8 yd) and I just toss till it is full then separate into drawers by color in a plastic 5 drawer on wheels thing. I have another narrow 5 drawer lingerie style chest of drawers...and have charms in the first drawer and the next two are with poly/cotton fabric broadcloth that I have for linings and storage in the bottom two. At the moment, anyway, But I am sure that will change eventually!