Don't laugh, I know it's overkill but in my old shop I was always digging in drawers for the right drill, or the spot in the metal index box always seemed to have an empty spot where the right bit was supposed to be. I decided to fix that with the new shop. I found a surplus cabinet, drilled holes in the top shelves for the forstner bits and spade bits and re-installed them at an angle. I added a slide out with dividers for the augers and made another slide out for the regular bits. I found some thinwall 1 1/2" plastic tube at HD and cut it to various lengths. I used a hole saw the same size to cut circles partway into the shelf so the tubes would fit down in but still have a bottom. I printed some clear labels with the sizes so these old eyes could read them, labeled the tubes and filled them up with bits. The drawers hold my taps, punches, etc. My kids say I have way too much time on my hands but I sure know where to find the right size drill and it was a fun project. Next one is for the router bits. Thanks for looking.