Definitely a good idea for finishing projects, usually charity quilt tops waiting for batting and backing, but I wish i could learn an alternative strategy for fabric.
I find I am always thinking "I'll just use up these scraps, (generated by me and donated) before I cut the yardage of the lovely fabric I have". I spend ages cutting up scraps into different sizes, storing them in labelled boxes and then sewing into 4, 8, 16 patches, string patches and till roll strips. When the mood takes me I pull out a pile of patches to make a top. The problem seems to be that the end of scraps is never in sight so the stash of yardage never decreases. Is there a cure for this?