I just spent almost a month doing this. First decide what is the smallest and largest piece you will keep. 1/2 yard and up went on comic book boards. Any thing smaller was cut first into Fat quarters which were folded and put in baskets. Then I started cutting squares and strips.
Squares 10,5,3.5,3,2.5 Strips 2.5 and any smaller or bits went in a scrap basket but no smaller than 1 inch strip because at some point I will make a strip scrap quilt again. I tossed anything smaller or that wouldn't cut nicely . I don't have them separated into color yet. I will get to that eventually.

I'm still working on organizing my scraps. Trying to use Bonnie's method somewhat. I take the scrap of material and cut the biggest block out of it I can starting with 7 inches, then 6 1/2, 6, 5 1/2, 5, 4 1/2, 4, 3 1/2, 3, 2 1/2, 2, 1 1/2. I have found a use for most all of the sizes somewhere along the way, but I don't go any lower than 1 1/2 as I figure when finished that will be a 1 inch square. Some day I hope to do a postage stamp quilt, but that is going to a ways down the road at this point.

As for strips, most of my strips are short, from cut bigger strips that were used. I have lots of ideas, but getting them into practice is another thing. I don't keep anything less than a fat quarter, the rest go into my scrap box to be cut into squares etc.

As for organization, they are all in boxes by sizes and when I need them I look for the colors I want. I keep telling myself when I get a sewing or quilting room of my own, I will be better organized all the way around, but that is someway down the road at this point.

Do what works for you, I have taken ideas from the board, modified some to better suit me, and used some as listed. One thing for sure this board is great for ideas on most anything.

I have a 1" box and a 2" box.

Thanks for your great ideas. I try to use all my scraps as soon as possible too, but when I can't, I use the rolling plastic drawers and identify what's in them (i.e., Christmas/Holiday fabric, children's fabric, etc.)

I don't cut up my leftovers, as I never know what I'll want to use them for...
And I sort by color.

So far, it's working for me. However, I'm always looking for a better way to organize "stuff". :cool:

Thanks for the link.

I just put my scraps by colour in 6 plastic roller drawers that I bought at Canadian Tire. I never know what my next project will be. Yesterday I went through my scraps and cut 178 - 51/2 inch squares. I need 400 squares but it's a start. Point is I didn't know until last month that I wanted to make this quilt. If I'd precut it all I wouldn't have the variety .

Bonnie does recommend cutting some strips of various sizes. You can plan ahead and cut them the width you need for sashing and binding.

I don't cut my scraps until I decide what to make with them I bundle sorted like kinds, example, little girls, boys, babys, woodsy, xmas, patrotic, and so on. I tie the bundle with string and put a note on the top of bundle and put the bundles in a plastic tub.