These Cropper Hoppers are great for paper. It hold like 200 sheets of cardstock. I have 2 boxes for each season. I have a tab for each color. Then I save the ziplock bags that our Paper Packs come in and put a label on the outside corner for scraps.
This way I know which box they go in and what paper is in the bag. With 60 colors to work with, there is no way one can remember is which blue is which (without a swatch book in hand).
I also label the front of the box showing what order the colors are in the box so that finding them are easy too.