[rolfessenden]

This is pretty much how I do it as well. I use my folders differently than you, so I have a folder for Personal projects, another for home & family, another for organizations, etc.

My contexts are Waiting, Today, This Week, This Month, Later, Someday, and Traveling. The last is because I travel a fair amount, and it is an easy way to keep track of the stuff I plan to do while I am away.

I also have an Intown context subdivided into a list of stores so that when I am in town, I can easily check and see what I need to buy.