I still consider a yard a yard even if it shrunk.
I store my one yards by color on metal shelves and my 1/2 yards in a bin by themselves.
fats and charmes etc go into dollar store baskets on a shelf. Fats by color.
Special seasonal fabrics are in drawers or on shelves. I had so much Christmas that it had to go on a shelf.
Some to do projects I hang on pants hangers.
I have my notions etc in small plastic drawers stacked in 3's. My most used rulers are hung on a peg board the rest in inclined sorters for office use. Instructions for rulers are in one of the small drawers.
A set of larger drawers hold my stencils, on going projects, fusibles and applique mat.
With a limited budget I buy cheap, cant afford fancy wood cabinets.