I store it with the items with which it is used. Matches inside the pot. Knife in the food bag. Headlamp with my clothes (because I never need it until the temp drops with sunset). Repair items with the FAK. Gloves, hat, bug juice, sunscreen in a small stuff sack at the top of my pack.
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If I wouldn't eat it at home, why would I want to eat it on the trail?