A simple and inexpensive way to store your Christmas / Holiday lights is to use the flaps on all those cardboard boxes you probably have lying around the house.  Cut the flaps off cardboard boxes and make a slit at each end.  Thread one end of the lights through the slit to hold it in place and wind the lights around the cardboard.  Then thread the end of the lights throught the slit at the other end.  Voila! No tangled lights next year!

If you have some gift cards burning a hole in your pocket, look for some of these holiday light storage tools:

• Holiday Light Storage Box - holds four plastic reels in a plastic storage box
• Christmas Light Storage Reels - 3 reels in a storage bag with handle