See these pretty containers?
The one in the middle is before, the others are after.
I simply "borrowed" two sheets each of pink and green copy paper from work (Sorry boss!), taped them on with scotch tape (I didn't even have to cut them as they were the right width), and wrote right on them. (By the way, I think you could use an oatmeal container the same way).
If I get bored with the color, or change my mind as to the contents, I can simply replace the paper and start over. These containers could be used in any part of the house, but I love how they blend in with my other sewing & crafts center items: