Oh wow- I save way to much. But oh well. Big scraps (around 1/4 yard) are folded and put in order by color on my closet shelves. (they are used for scrap quilts, small purses, potholders etc) smaller scraps are in large clear plastic bags (wonderful for applique and wall hangings ). The small strings you get when squareing up, those go into a very large clear pickle jar (I use the pieces to tie as bows on gift packages of all kinds). And finally the slavages with color dots and brand names go into a plastic bin.(I've seen projects for these but haven't done any yet). I guess I save use everything. But at least it's organized.
I am not sure at what point I will have too much. NOT!