Our new place has really limited closet space: both closets are the size of the closet I use now

So I'm just curious, what is good to fold, and what really needs to be on hangars? If something has wrinkles in it I'm bad about just not wearing it, so at this point, almost everything I own is on hangars, except shorts and pj's, socks and undies. Currently I have a dresser with two deep drawers and one small drawer and and armoire with 3 shelves, two deep drawers, and one small drawer.

(Married)meganandshane.weebly.com~
(Planning)shaneandmegan.weebly.com