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I like Geezer's method. Mine is actually a piece of 1x2 with a rounded end. That way, there is a single point of contact, which adjusts for the fact that the blade doesn't always cut perfectly...

My fence is a piece of 1x2 and 2 C clamps.

I use a band saw with a rip blade. Ripping thin stock with a compound miter saw is an accident waiting to happen - can't recommend that to anyone. Not a good idea on a table saw either. If you are...