If you store your tools on a peg board you know that keeping track of smaller tools—especially tiny screwdrivers and drill bits—is a little difficult. Instructables user RangerJ decided to repurpose a speaker's magnet to help organize his screwdrivers and drill bits.
RangerJ's guide uses repurposed old speaker magnets, but any larger magnet will work. The magnet is then mounted to the peg board with a cheap bracket, and you're done. If you have a ton of smaller tools that you don't know what to do with, this might just do the trick.
Really Handy Magnetic Tool Holder | Instructables
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