I use a folder with baseball card pockets to store my letters for making words and bought a bunch of the pocket charts from the dollar spot at Target and cut them into pieces of 2 pocket rows each. (I serged the edges so the nylon wouldn't fray.) This system worked great for me. Next year I want to add a word study notebook. I'm thinking that the kids could use these notebooks during word study lessons, during guided reading and maybe even during word work in Daily 5.
I also want to make a new word wall. I'm thinking about using pocket charts, like this one from Fun for First.
I found this on Pinterest. Don't you just love Pinterest?!!!