I'm doing this. I am actually over dying some of the older stash to get more modern colors or colors I need to do a project. Could not believe the extent of the stash when I had to move it due to part of my studio roof being damaged in a storm. Decided I had to use what I had. I'm only allowing the purchase of background for an applique if I don't have enough to use for the project. Should have a "stash of cash" by the time I figure up what I would have spent for new fabric as I use up the stash on hand. Hey, just thought I can go on a buying binge when the stash is used up. grin!!!