You can organize folders in Hotmail to save emails you wish to store for future use. Hotmail lets you create your own folders and name them appropriately. You can then move any emails into these folders for storage. The following will show you how to create, delete and manage your Hotmail folders.
Open up Hotmail and sign into your account.
Click on "Folders" on the far left column on the screen. A list of your folders will appear if you have any.
Click "New" next to an icon of a folder on the top left corner of your MSN page to create a new folder.
Type in a name you would like for your new folder in the space provided and click "OK."
Rename your folder by checking the box next to the folder's name on the list. Click "Rename" at the top left hand-side of the screen. Type in a new name in the space provided and click "OK."
Delete a folder by checking the box next to the folder's name on the list. Click "Delete" at the top left-hand side of the screen.
Go into your email account and view the list of your email messages.
Check the box to the left of the message you wish to put into a folder.
Click "Put in Folder" in the bar above the list of email messages.
Select a folder you created from the drop-down menu that appears on your screen. Click on the folder name and your email message will go directly into that folder.
View messages in your folders by clicking on the folder name under "Folders" on the far left column on the screen.