Melissa, for some reason I can't comment on your blog, but those flowers are adorable!
I save all my scraps. I use them on cards, I punch shapes out of the smaller bits until I have only "lace" left. That gets thrown away. I did keep a bag of "lace" thinking I'd make paper out of it, but I never got round to it. It got thrown out in the move. I might have another go once we're settled.