The hubs and I live in a condo so closet space is at a serious premium. I have dreams of my next house having a huge walk-in closet with a big overstuffed chair so I can sit and make wise decisions about what I'll leave the house in each day. (Here's a hint: It will be black.)
Until then, though, I'm stuck with only having the current season in my purview. The rest, is banished to storage until the seasons again change.
The benefit of having NO closet space though, is it makes you edit. With the arrival of a new season, I remove the previous season from my closet and divide the clothes into piles of keep, mend and donate. Thanks to the wise counsel of my sage mentor, Tim Gunn (he doesn't know he's my mentor), if it hasn't been worn in more than a year, it goes to the donate pile.
I'm not joking when I say this ritual takes me hours. It took me three hours last night to sort thru spring/summer. (Let's just say some tall woman shopping at Goodwill in KC with a size 14 shoe is gonna be REALLY happy.)
And, today, I spent two hours unloading my fall/winter clothes making sure they still fit and the slacks were long enough.
While the process seems to take forever (a good Julia Roberts/TBS movie in the background does make it go faster), I go through this ritual each season before I let myself shop for new things. This helps me avoid buying too much black (okay, bad example), determine which shoes I need to replace and what colors/tops I need.