A tool hanging system. The tool hanging system includes a power tool having a mount receiving portion. A mounting attachment is engaged with the mount receiving portion. The mounting attachment includes a first portion adjacent to the power tool and an overhang portion spaced apart from and opposite the first portion. A groove is located between the first portion and the overhang portion. The mounting attachment also includes a peg board projection, the peg board projection projecting away from the power tool and past the overhang portion. The peg board projection engages with a pegboard.