I'm a big geek about being organized - otherwise I always forget stuff. Now I look at my pegboard and scan it, asking myself "will I need anythig still hanging up?"
This setup has been slowly refined and works very well. No one storage system works for everything, you need a few:
Pegboard (pro, ice gear, biners, packs), shelves (footwear, helmets, camp kitchen, sleeping bags), hooks (jackets/pants) and plastic bins (socks, base layers, gloves, hats, miscellany).