Folder and file management

Are there some rules for the arrangement of folders used in webpage design? In the past I have always made one folder for each part of the main page. For example, i have one folder for the top banner, one for the bottom banner, one for the main page and one for each item on the menu. I have noticed that some of these folders are starting to get rather tall, i.e. have 4 or 5 levels of subfolders in this. Is this a problem? Does it slow down access? Are there any good rules out there?

I am reading through the section for newbies now - thanks for all of you who put this together!

Thanks!

I put all my graphics in one folder, images in one folder and html in another.
That's as organized as I can get!

This is basically the basic structure I always start with

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---
   |
   --- css/
   |
   --- i/
   |
   --- js/

after that ... some more get added.

I'm a

/workspace
/workspace/css
/workspace/images
/workspace/javascript
/workspace/includes

kind of guy.

hahaha...it is up to you. Just how you like things. I like it like this.

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/css
/pictures
       /gif
       /jpg
       /png
       /other
/flash
/js
/includes

Great now everyone knows where to find my stuff...hehe!