If you're lucky enough to have a garage or workshop for your DIY projects, you're probably familiar with pegboard tool hangers. Unfortunately, these are usually too wide to hold precision screwdrivers or other small instruments. However, they're pretty easy to modify to hold even the tiniest tools.
ProfMuggs on Instructables shared his process for adapting a tool holder. All he had to do was snip off a bit of each metal loop with some wire cutters. From there, a quick squeeze with a pair of pliers tightened the loop to fit his precision screwdriver set.
The best part of this trick is that the modified tool holder will still work for most standard screwdrivers, so you're really just adding flexibility to your storage system. Once you're done with this trick, you can take your pegboard to the next level by putting it on wheels.
Precision Tool Hanger for Pegboard [Instructables]