Yep, that's right in general

But I wouldn't even name them the same.

For example I use a second hard drive to store all my documents, photos, videos and music. I don't use Windows "My Documents" (or in my case with Windows 7, just "Documents"), at all. On the D drive I created 4 folders, Documents, Videos, Photos and Music, and I copied all of those files to those folders.

I haven't deleted the folders on the C drive, that would mess up my profile, but when I was satisfied the copying worked on all files, I deleted the original files.

Of course, I have multiple backups of all these, on external media.