From the lovely Sarah E. White, here are some thoughts on using yarn WITHOUT knitting it up (I know, I know … think out of the box!). It’s a good way to decrease your stash without stressing about dye lots or how much you have left!
As knitters we naturally think of knitting as the main way to use our yarn stash, but there are plenty of other options.
If you’re serious about paring down your stash by actually using it, you might want to consider taking up crochet or weaving (admittedly a dangerous proposition that could lead to more yarn purchases!) or make a yarn craft or two.