I keep a round kitchen caddy (the type with many sections and it spins) on my sewing table to keep my tools handy. I have stitch rippers in one section (very full if they are all tidily away); marking pencils in another, long tweezers and a hemostat in another, screwdrivers, sewing machine oil, fabric scissors, paper scissors, pinking shears, snippers; these all have their own section. It is so easy to spin to reach something and I know quickly where it is.
If you can see it, then you know where it is when you want to use it. If you can’t see it then you know it is time to tidy up!
This tip submitted by Sewnut. Thanks!