One of the perks about being on
Ravelry is being able to see what other yarns people have and what they think about them. It is great to do a search on a yarn and see what it's being used for. It's made me think about putting my stash in the database so I can better know what I have.
I have big (58 qt) plastic storage containers in my closet (at least 8 that I can think of off the top of my head) that are stuffed with yarn. I have 5 stackable hat boxes in the corner of my room, stuffed with yarn. There are two dresser drawers, a big box in the garage and a comforter bag in my son's closet stuffed with yarn. All different types- acrylic, cotton, wool, novelty. The thought of actually cataloging it and owning the entire thing freaks me out.
I've decided to start small.

Here is my small collection of Baby Ull. I have plans for this. I'm going to be making
more of the
Zombie wristwarmers and a pair of
Hot Rod socks for Hubby. The only thing I need to make the socks is an orange color and I'm going to dye some Knitpicks Bare with Orange Kool-aid to get the color I want. Then I'll be able to start those.

Here is my small/medium sock yarn collection. By my count I have enough sock yarn to make 18 pairs of socks. This isn't counting the one pair I have waiting in the queue, and the one I already have on the needles. (Or the Socks that Rock, Chapman Springs cursed yarn that I have hidden in the back of the drawer, waiting to be frogged for the 3rd time.) Considering I bust one pair of socks out a month, I have more than enough for the next year. I had so much fun dyeing yarn, that I have to do it again and that will just expand my collection even further. And even with this, I still feel no need to justify it. I've heard tale of people whose sock yarn collections outweigh mine by 5 to 10 times. I've never seen one that big, but blogs say they are out there.
Now don't judge me, I didn't purchase all of the yarn I own myself. Most of the yarn that I buy, has an intended project in mind. I'm one of those people who, when others find out I like to knit and crochet, gets given yarn that other people don't want/use anymore. This happens to me at least once a year, when I get a couple of bags of yarn. It makes me happy and I always give the yarn a proper introduction to the rest of the stash and put it in it's place.