I have sorted my scraps into 2 1/2" WOF strips, odd size WOF strips, 2 1/2" strip chunks (Greater than 12", less than WOF) - then 5" squares, 4 1/2" squares and 2 1/2" and 2" squares. Something that is odd size I have cut into 7 - 10" squares. I couldn't sew due to medical issues so it was entertainment!
And this past summer - I sorted several large totes of scraps into 2 1/2" strips (any size) and sorted out the WOF ones. Then I sorted the rest of the scraps into predominant colours. Anything that didn't "speak" to me was donated to the local MSC thrift shop. I have one large tote of sorted scraps and my DD has discovered the joys of strip quilting!
I love strip quilting too! If I decide later to cut everything into strips .... well that's why I have a GO Big!