I try to keep my scraps in order. My style is similar to Bonnie's.
If the fabric is a yard or larger, it gets folded and stored in a bin. If it's smaller than a yard, I cut it into:
10 1/2 inch squares, used for quilt backs and in place of layer cakes:
The 5 inch squares are used for tossed nine patch quilts and in place of charm packs:
The 2 inch squares are used in scrap quilts:
The 1 1/2 inch strips are used in scrap quilts and in place of honey buns:
I wish I could say that all of my scraps are cut and neatly stored in this manner but they are not. I haven't had many stress-induced cutting sessions lately. For that I'm very grateful.