A fishing line compartment having one or more spools containing fishing line parts is provided. The fishing line compartment can be part of a larger container assembly or fishing tackle pack. Each spool can be held in the fishing line compartment using a strap having portions inserted through the bore of the spool. The strap is joined to the fishing line compartment using an attached end. When the attaching end of the strap is also joined to the flap, the strap is in its closed state. When in the closed state, the spool can be rotated and desired tension in the fishing line being unwound can be provided using the strap portions within the spool bore. In one embodiment, a cover overlies at least portions of the spool for use in maintaining a position of the spool in the fishing line compartment.