I tried this and discovered that I did not use the pieces I had cut from scraps very much. I was keeping 2.5, 3, 4, 5, 6.5 and 10 inch squares. I now only only keep 2.5 squares, 2.5 strips and binding scraps in bins. Waste of time for me to cut up so many options, but it works for others. I found I just did not use the 3, 4, 6.5 and 10's all that much. I think it all depends on your taste in quilting and what you find you use often. I would NEVER cut up even 1/2 or 1/3 in to standard Lumber Yard pieces. I just cut my scraps. Good enough for me. Example of my foolishness - I had a huge bin of fabric scraps that had been growing for years. I cut them in to "Bricks" and 2.5s. Guess what? The 2.5 are being used daily but the bricks are still sitting on the shelf in my sewing closet staring at me. Got enough to make at least 3 quilts. Lesson learned....again.
