out of the way
It doesn't matter how much yarn you have, this idea could work for you. It's cheap. It's easy. It's even fun to do! All you need is a yarn winder, peg board, and straight hooks from Home Depot. And then just go crazy! The only small problem I had was they don't seem to sell the right size straight hooks by themselves. I had to buy an assortment of hooks in a pack, some of which I can't use for the yarn. It's okay, though, because you could use them to store other stuff on the peg board as well. The assortment pack also came with the hardware needed to mount the pegboard on the wall. A 2' x 4' pegboard plus 4 packs of hooks came to less than $25!