To me, a peg board would take up too much room on my walls. I have a wooden hanging ruler holder that holds over 25 rulers and beneath has hooks for scissors and rotary cutters. I bought two of them. It even has a door on it and when you open it, you can put things in it. I got it from Clyde's Workshop. His website is clydes-workshop.com. Click on the one that says 'Wall Mounted'. They are made very well.