My husband discovered these peg boards and I love them because I can change my storage arrangement as I discover what works best for me. A portion of this peg board (and countertop) is dedicated to art supplies for my kids. I love having my punches all out and visible instead of piled in boxes as they were previously. The are held up by a dowel that is braced by metal hooks in the peg board.
This is my "cutting station" with all my big cutting tools that need to stay out for everyday use. Yes, I just got a BIG SHOT!!!! I'm still playing with it, I can't wait to share some projects that I make with it.
Here's my desk. It's in the same place that it was previously, but I've now moved my ink pads and ribbons to the side wall with some new storage systems that I purchased on ebay (see below). Now this gives me more table space. Also, notice the "Create" decor elements from Stampin' Up! over my desk!