I have a book shelf from when the local library was remodeled and they sold all their shelving. I use mine for my FQ's. I like to be able to see them and that way works for me. I tend to use FQ's more than anything these days.
I've been cutting odd sized fabrics into 5 inch squares. Last New Year I completely cleaned out my sewing room and it was such a great experience that I'm doing it again in a few days. I don't like looking at fabric I know I'll never use. Off to a charity it goes. Win win.