I too use a waistpack/hip pack. Unless I'm wearing cargo pants, I usually can't reach my pockets (wheelchair user), nor get things in and out of them easily, so a waistpack is more convenient and avoids wear and tear on my cables, because they have enough room to shift when I do, so they don't get bent around as I move. Cable wear was a big concern of mine, too, because I've got good trunk control and a decent arm span, so I actually do things like bend over to tie my shoe or pick something up from the floor reasonably often... probably at least as often as the average person does.
Wearing a waistpack in public used to make me look like a grade A dork and/or tourist, but they make nice looking, unobtrusive ones now. My current one is black leather and just big enough for my phone, sanza clip+, a pair of IEMs, and my wallet/keys/cards in a separate inner pocket, so as not to scrape the electronics. With a little rearranging, I've got room for another eight feet or so of cable, if necessary... which avoids the problem of where to stash a super long cable.