This is what I'm used to working with, a plastic tray from a cheap toolbox full of screwdrivers and such. I would like to get s good tool organizer, but the plastic ones feel too cheap, and the wood ones are to much money for a poor college student like myself. So I did the next best thing, DIY
Step 2: Scrap to treasure
So I threw this together out of scraps I had left behind from some shelves that I built for my room. Its just a 12" x 5-3/4" piece of 3/4" MDF with a little piece of 2x4 screwed onto the back (this is to give it an angle when it is resting agains the pegboard.)
Step 3: Placing Hooks
To make moving the shelf around on the pegboard easier, I decided to just hot glue the pegs directly into holes in the shelf. The pegs were 5/32" wide. In the front of the shelf, I drilled some more holes, and hot glued some more pegs in, to give some sturdy pegs on the front.