Jeri's Organizing & Decluttering News has these suggestions for storing yarn, but they seem to work best if you actually have a craft room, which I don't. I LOVE the wine rack idea, but it would not last long for me, because I'm a yarn-a-holic.
Chica & Jo suggest using shoe storage solutions for yarn and I love this idea as well. It would be probably a better idea for me.
I'm thinking I want some sort of cubby hole set up that I could maybe hang a decorative fabric over to cover the wide array of clashing colors that i have. Something like this?
Its WAY out of my price range, but I would like to explore similar options. Leave me a comment and let me know how you store your yarn! Low budget tips especially!