Your comments have been so helpful and I've gotten a couple of ideas about how to store all these scraps that I have. I was doing some applique last night and used a piece less than 1" square to sew on a small circle 1/4" in size. So I guess I still need very little pieces of fabric for some things.
But, storing small things by color does seem to be the best idea. And, I do agree with whoever said anything smaller than a FQ is a scrap, haha. I am cutting a lot of my scrap fabric 2" x 3 1/2" for a scrappy quilt I've fallen in love with. But if I cut all my scraps that size, I'll have many quilts to make.