I have become a fan of Bonnie Hunter's scrap users system. Once I get down to under a yard I cut a FQ if I can. Then, in order of preference I cut 5 x WOF, 2.5 x WOF, Charm squares, 3.0 squares and 2.5 squares. Then each size goes into a plastic bag of same sizes, similar color and bags are stored in plastic bins. When I need to make a scrap quilt I already have cut pieces. I recently made a queen size Jacob's Ladder quilt and only had to cut a few 5 inch squares and the border fabric.