This is exactly what I do for my 1 gallon dry yeast batches. Before I got the scale, I eyeballed half the pack (note - if you do this, USE A BLOW OFF TUBE), but now that I have a good kitchen scale, I weight out 3-4 grams, fold down and clip closed the yeast pack with a paper clip, put it into a plastic baggie and remove as much air as possible, date it, then throw it back in the frig. If its less than a year, I feel free to dip back into the yeast for another batch - after a year, I suck it up, spend the $3, and repurchase.
edited to note - and obviously, a year isn't a hard guide - if it expires, I chuck it.