I guess it would work but I would make my own so I could design it to fit my needs. $30 dollars seems like a lot of money for such a thing, you can make something cheaper. I have been thinking about making one to hold my stablizers. I am going to hang it on an "over the door towel holder" and make loops for a wooden dowel to slide through and hang on the towel holder. I am making the main part out of quilted fabric and then make slots out of clear plastic to slide stablizer in and then I can make lables to identify the different kinds. I made something like this to hold my mats and rulers, it has been a real space saver. I'm gonna make this when I have time, when ever that is.