I've had some serious thoughts on this last year. I have sons and neither quilts. I didn't want to leave 'unfinished' projects, etc. it's always so sad to find those in thrift stores! So I got serious this year and started the Ufo & Wips challenge thread. To finish up all the projects, not buy anymore fabric unless it's needed to finish projects. As I get going I'll downsize my gadgets as well.
When my grandmother died (many years ago), and when my mom died a few years ago, the only things they had left were their old sewing machines, 1 each, some thread, a few notions, my mom had about 12 well used patterns and some embroidery floss and 5 skeins of yarn. both had about 1 shoe box of scrap fabrics left. That's it.
They both did leave some wonderful completed works of art, and I have yet to attain to their level of mastery. Maybe one day I'll get to that level.
My hope is that all my projects are complete and all my remaining 'stuff' is well used.
Blessings,
MaryAnnd