I store my fabric by project rather than by color. I'm a fairly new quilter and purchase fabric by collection (several, if not all from a specific line/designer). For example, I have Kansas Troubles "Sweet Pea", Moda's "Grant Park", and Primitive Gatherings "Old Glory" and also their "Snowmen Gatherings". That way all the fabrics are together and ready for me to use when I am ready to start a new project.