diff --git a/scripts/demo-data.ts b/scripts/demo-data.ts
index 1792d4d..995557d 100755
--- a/scripts/demo-data.ts
+++ b/scripts/demo-data.ts
@@ -47,6 +47,7 @@ actions.setRuleOverride(d, "2026-09", social.id, { kind: "fixed", amount: { amou
 // every combination at once.
 const wowSub = actions.addRecurringCost(d, {
   name: "World of Warcraft",
+  folderId: null,
   archived: false,
   amount: { amount: 13, currency: "USD" },
   startDate: "2026-06-05",
@@ -57,6 +58,7 @@ const wowSub = actions.addRecurringCost(d, {
 });
 actions.addRecurringCost(d, {
   name: "Rent",
+  folderId: null,
   archived: false,
   amount: { amount: 8200, currency: "DKK" },
   startDate: "2026-06",
@@ -67,6 +69,7 @@ actions.addRecurringCost(d, {
 });
 actions.addRecurringCost(d, {
   name: "Veg box",
+  folderId: null,
   archived: false,
   amount: { amount: 175, currency: "DKK" },
   startDate: "2026-06-06",
@@ -79,6 +82,7 @@ actions.addRecurringCost(d, {
 // off-schedule payment moves the whole series — the phone-bill behaviour.
 actions.addRecurringCost(d, {
   name: "Car insurance",
+  folderId: null,
   archived: false,
   amount: { amount: 349, currency: "DKK" },
   startDate: "2026-08-14",
diff --git a/src/domain/allocation.test.ts b/src/domain/allocation.test.ts
index f18fa24..8e16fc5 100644
--- a/src/domain/allocation.test.ts
+++ b/src/domain/allocation.test.ts
@@ -36,6 +36,7 @@ function post(overrides: Partial<Post> = {}): Post {
     id: "p1",
     name: "Food",
     order: 0,
+    folderId: null,
     archived: false,
     currency: "DKK",
     rules: [{ from: "2026-01", rule: fixed(400) }],
@@ -48,6 +49,7 @@ function dataset(overrides: Partial<Dataset> = {}): Dataset {
     settings: { baseCurrency: "DKK", foldStartMonth: "2026-01", schemaVersion: 2, digits: DIGITS },
     currencies: TEST_CURRENCIES,
     fxRates: rates,
+    folders: [],
     posts: [post()],
     months: [
       { id: "2026-01", income: { amount: 20000, currency: "DKK" }, ruleOverrides: {} },
@@ -191,6 +193,7 @@ describe("the fold across a rule change", () => {
     settings: { baseCurrency: "DKK", foldStartMonth: "2026-05", schemaVersion: 2, digits: DIGITS },
     currencies: TEST_CURRENCIES,
     fxRates: [],
+    folders: [],
     posts: [
       post({
         rules: [
diff --git a/src/domain/charges.test.ts b/src/domain/charges.test.ts
index c7e91c0..b3eba82 100644
--- a/src/domain/charges.test.ts
+++ b/src/domain/charges.test.ts
@@ -214,6 +214,7 @@ describe("chargesForMonth", () => {
       settings: { baseCurrency: "DKK", foldStartMonth: "2026-01", schemaVersion: 1, digits: DIGITS },
       currencies: TEST_CURRENCIES,
       fxRates: rates,
+      folders: [],
       posts: [],
       months: [],
       purchases: [
@@ -233,6 +234,7 @@ describe("chargesForMonth", () => {
       settings: { baseCurrency: "DKK", foldStartMonth: "2026-01", schemaVersion: 1, digits: DIGITS },
       currencies: TEST_CURRENCIES,
       fxRates: rates,
+      folders: [],
       posts: [],
       months: [],
       purchases: [],
@@ -251,6 +253,7 @@ describe("expectedForMonth", () => {
         { code: "USD", symbol: "$", name: "US dollar" },
       ],
       fxRates: [{ currency: "USD", baseUnitsPerOne: 7, updatedAt: "2026-01-01", source: "manual" }],
+      folders: [],
       posts: [],
       months: [],
       purchases,
@@ -262,6 +265,7 @@ describe("expectedForMonth", () => {
     id: "r1",
     name: "Rent",
     order: 0,
+    folderId: null,
     archived: false,
     amount: { amount: 8000, currency: "DKK" },
     startDate: "2026-01",
diff --git a/src/domain/currencyDigits.test.ts b/src/domain/currencyDigits.test.ts
index bb58637..469488b 100644
--- a/src/domain/currencyDigits.test.ts
+++ b/src/domain/currencyDigits.test.ts
@@ -96,11 +96,13 @@ describe("the fold at zero decimals", () => {
       fxRates: [
         { currency: "USD", baseUnitsPerOne: 151.234567, updatedAt: "2026-01-01", source: "manual" },
       ],
+      folders: [],
       posts: [
         {
           id: "food",
           name: "Food",
           order: 0,
+          folderId: null,
           archived: false,
           currency: "JPY",
           rules: [{ from: "2026-01", rule: { kind: "percentOfIncome", percent: 33.333 } }],
@@ -113,6 +115,7 @@ describe("the fold at zero decimals", () => {
           id: "fun",
           name: "Fun",
           order: 1,
+          folderId: null,
           archived: false,
           currency: "JPY",
           rules: [],
@@ -134,6 +137,7 @@ describe("the fold at zero decimals", () => {
           id: "gym",
           name: "Gym",
           order: 0,
+          folderId: null,
           archived: false,
           amount: { amount: 7, currency: "USD" },
           startDate: "2026-01",
diff --git a/src/domain/fold.test.ts b/src/domain/fold.test.ts
index d3f11fb..2ea0298 100644
--- a/src/domain/fold.test.ts
+++ b/src/domain/fold.test.ts
@@ -18,6 +18,7 @@ function post(id: string, fixed: number, archived = false): Post {
     id,
     name: id,
     order: 0,
+    folderId: null,
     archived,
     currency: "DKK",
     rules: [{ from: "2026-01", rule: { kind: "fixed", amount: { amount: fixed, currency: "DKK" } } }],
@@ -41,6 +42,7 @@ function dataset(posts: Post[], purchases: Purchase[]): Dataset {
     settings: { baseCurrency: "DKK", foldStartMonth: "2026-01", schemaVersion: 1, digits: DIGITS },
     currencies: TEST_CURRENCIES,
     fxRates: [],
+    folders: [],
     posts,
     months: [
       { id: "2026-01", income: { amount: 10000, currency: "DKK" }, ruleOverrides: {} },
@@ -131,6 +133,7 @@ test("percentage allocations follow the month's income", () => {
         id: "food",
         name: "Food",
         order: 0,
+        folderId: null,
         archived: false,
         currency: "DKK",
         rules: [{ from: "2026-01", rule: { kind: "percentOfIncome", percent: 10 } }],
@@ -191,11 +194,13 @@ function datasetWithRent(): Dataset {
     settings: { baseCurrency: "DKK", foldStartMonth: "2026-01", schemaVersion: 7, digits: 2 },
     currencies: [{ code: "DKK", symbol: "kr", name: "Danish krone" }],
     fxRates: [],
+    folders: [],
     posts: [
       {
         id: "housing",
         name: "Housing",
         order: 0,
+        folderId: null,
         archived: false,
         currency: "DKK",
         rules: [{ from: "2026-01", rule: { kind: "fixed", amount: { amount: 10000, currency: "DKK" } } }],
@@ -208,6 +213,7 @@ function datasetWithRent(): Dataset {
         id: "rent",
         name: "Rent",
         order: 0,
+        folderId: null,
         archived: false,
         amount: { amount: 8000, currency: "DKK" },
         startDate: "2026-01",
diff --git a/src/domain/occurrences.test.ts b/src/domain/occurrences.test.ts
index 235ebd4..2660298 100644
--- a/src/domain/occurrences.test.ts
+++ b/src/domain/occurrences.test.ts
@@ -7,6 +7,7 @@ function cost(overrides: Partial<RecurringCost> = {}): RecurringCost {
     id: "r1",
     name: "Rent",
     order: 0,
+    folderId: null,
     archived: false,
     amount: { amount: 8000, currency: "DKK" },
     startDate: "2026-01",
@@ -248,6 +249,7 @@ describe("occurrencesByMonth", () => {
       settings: { baseCurrency: "DKK", foldStartMonth: "2026-01", schemaVersion: 7, digits: 2 },
       currencies: [{ code: "DKK", symbol: "kr", name: "Danish krone" }],
       fxRates: [],
+      folders: [],
       posts: [],
       months: [],
       purchases,
diff --git a/src/domain/seed.test.ts b/src/domain/seed.test.ts
index 03bacfd..f692571 100644
--- a/src/domain/seed.test.ts
+++ b/src/domain/seed.test.ts
@@ -43,3 +43,9 @@ test("the seed dataset renders a valid month view", () => {
 test("newId returns distinct ids", () => {
   expect(newId()).not.toBe(newId());
 });
+
+test("fresh dataset starts Unfiled", () => {
+  const data = createSeedDataset("2026-09");
+  expect(data.folders).toEqual([]);
+  expect(data.posts.every((post) => post.folderId === null)).toBe(true);
+});
diff --git a/src/domain/seed.ts b/src/domain/seed.ts
index 77b99f7..9546075 100644
--- a/src/domain/seed.ts
+++ b/src/domain/seed.ts
@@ -1,7 +1,7 @@
 import { DEFAULT_DIGITS, SEED_CURRENCIES } from "./types.ts";
 import type { CurrencyDef, Dataset, FxRate, MonthId, Post } from "./types.ts";
 
-export const SCHEMA_VERSION = 7;
+export const SCHEMA_VERSION = 8;
 
 const SEED_POST_NAMES = ["Video Games", "Food", "Events and Social"] as const;
 
@@ -24,6 +24,7 @@ export function createSeedDataset(
     id: newId(),
     name,
     order,
+    folderId: null,
     archived: false,
     currency: "DKK",
     // A new user has genuinely not budgeted anything yet. This is a different
@@ -42,6 +43,7 @@ export function createSeedDataset(
     // out from under it the first time the user changes a rate or a currency.
     currencies: currencies.map((currency) => ({ ...currency })),
     fxRates: fxRates.map((rate) => ({ ...rate })),
+    folders: [],
     posts,
     months: [
       { id: startMonth, income: { amount: 0, currency: "DKK" }, ruleOverrides: {} },
diff --git a/src/domain/types.ts b/src/domain/types.ts
index 193c5e7..d52171e 100755
--- a/src/domain/types.ts
+++ b/src/domain/types.ts
@@ -54,6 +54,14 @@ export type MonthId = string;
 export type IsoDate = string;
 export type PostId = string;
 export type PurchaseId = string;
+export type FolderId = string;
+
+export interface BudgetFolder {
+  id: FolderId;
+  name: string;
+  parentId: FolderId | null;
+  order: number;
+}
 
 export type Rule =
   | { kind: "fixed"; amount: Money }
@@ -69,6 +77,7 @@ export interface Post {
   id: PostId;
   name: string;
   order: number;
+  folderId: FolderId | null;
   archived: boolean;
   /** Display currency for this post's own views only. All totals use base. */
   currency: Currency;
@@ -138,6 +147,7 @@ export interface RecurringCost {
   id: RecurringCostId;
   name: string;
   order: number;
+  folderId: FolderId | null;
   /**
    * A UI flag ONLY. Projection is governed by `startDate` and `endedFrom`,
    * exactly as an archived post still folds — archiving must not retroactively
@@ -221,6 +231,7 @@ export interface Dataset {
    */
   currencies: CurrencyDef[];
   fxRates: FxRate[];
+  folders: BudgetFolder[];
   posts: Post[];
   months: Month[];
   purchases: Purchase[];
diff --git a/src/domain/views.test.ts b/src/domain/views.test.ts
index f5e855e..243c1b8 100644
--- a/src/domain/views.test.ts
+++ b/src/domain/views.test.ts
@@ -17,6 +17,7 @@ function post(id: string, order: number, percent: number, archived = false): Pos
     id,
     name: id,
     order,
+    folderId: null,
     archived,
     currency: "DKK",
     rules: [{ from: "2026-01", rule: { kind: "percentOfIncome", percent } }],
@@ -39,6 +40,7 @@ const data: Dataset = {
   settings: { baseCurrency: "DKK", foldStartMonth: "2026-01", schemaVersion: 1, digits: DIGITS },
   currencies: TEST_CURRENCIES,
   fxRates: [],
+  folders: [],
   posts: [post("food", 0, 20), post("games", 1, 10)],
   months: [
     { id: "2026-01", income: { amount: 10000, currency: "DKK" }, ruleOverrides: {} },
@@ -137,6 +139,7 @@ describe("monthView", () => {
           id: "r1",
           name: "Storage unit",
           order: 0,
+          folderId: null,
           archived: false,
           amount: { amount: 400, currency: "DKK" },
           startDate: "2026-01",
diff --git a/src/export/json.test.ts b/src/export/json.test.ts
index 7a75f19..47fe198 100644
--- a/src/export/json.test.ts
+++ b/src/export/json.test.ts
@@ -114,6 +114,57 @@ describe("validation", () => {
   });
 });
 
+describe("import rejects invalid folder graph", () => {
+  const folder = (id: string, parentId: string | null, order: number) => ({ id, name: id, parentId, order });
+  const parse = (data: Dataset) => parseDatasetJson(JSON.stringify(data));
+
+  test("valid nested tree parses", () => {
+    const data = populated();
+    data.folders = [folder("home", null, 0), folder("bills", "home", 0)];
+    data.posts[0]!.folderId = "bills";
+    expect(parse(data).posts[0]!.folderId).toBe("bills");
+  });
+
+  test("rejects duplicate folder IDs", () => {
+    const data = populated();
+    data.folders = [folder("same", null, 0), folder("same", null, 1)];
+    expect(() => parse(data)).toThrow(ImportValidationError);
+  });
+
+  test("rejects missing parent", () => {
+    const data = populated();
+    data.folders = [folder("child", "missing", 0)];
+    expect(() => parse(data)).toThrow(ImportValidationError);
+  });
+
+  test("rejects missing item folders", () => {
+    const data = populated();
+    data.posts[0]!.folderId = "missing";
+    expect(() => parse(data)).toThrow(ImportValidationError);
+    data.posts[0]!.folderId = null;
+    data.recurring.push({
+      id: "rent", name: "Rent", order: 3, folderId: "missing", archived: false,
+      amount: { amount: 100, currency: "DKK" }, startDate: "2026-01",
+      recurrence: { kind: "everyNMonths", n: 1 }, anchoring: "calendar",
+      splitMode: "percent", splits: [{ postId: data.posts[0]!.id, value: 100, absorbsRemainder: true }],
+    });
+    expect(() => parse(data)).toThrow(ImportValidationError);
+  });
+
+  test("rejects cycles", () => {
+    const data = populated();
+    data.folders = [folder("a", "b", 0), folder("b", "a", 0)];
+    expect(() => parse(data)).toThrow(ImportValidationError);
+  });
+
+  test("rejects duplicate sibling order across item kinds", () => {
+    const data = populated();
+    data.folders = [folder("bills", null, 0)];
+    data.posts[0]!.order = 0;
+    expect(() => parse(data)).toThrow(ImportValidationError);
+  });
+});
+
 test("describeDataset counts what an import would replace", () => {
   expect(describeDataset(populated())).toEqual({
     posts: 3,
@@ -286,7 +337,8 @@ describe("recurring cost validation", () => {
   const valid = {
     id: "r1",
     name: "Rent",
-    order: 0,
+    order: 3,
+    folderId: null,
     archived: false,
     amount: { amount: 8000, currency: "DKK" },
     startDate: "2026-01",
@@ -530,7 +582,7 @@ describe("Purchase.source validation", () => {
   test("a source with a malformed occurrence date is refused", () => {
     const data: any = JSON.parse(withSource({ recurringId: "r1", occurrenceDate: "nope" }));
     data.recurring = [{
-      id: "r1", name: "Rent", order: 0, archived: false,
+      id: "r1", name: "Rent", order: 3, folderId: null, archived: false,
       amount: { amount: 8000, currency: "DKK" },
       startDate: "2026-01",
       recurrence: { kind: "everyNMonths", n: 1 },
diff --git a/src/export/json.ts b/src/export/json.ts
index 4829bdc..59ff5dd 100644
--- a/src/export/json.ts
+++ b/src/export/json.ts
@@ -1,4 +1,4 @@
-import type { Currency, CurrencyDef, Dataset, MonthId } from "../domain/types.ts";
+import type { Currency, CurrencyDef, Dataset, FolderId, MonthId } from "../domain/types.ts";
 import { migrate } from "../store/migrations.ts";
 import { monthOf } from "../domain/months.ts";
 import { toDayOrdinal } from "../domain/days.ts";
@@ -132,6 +132,71 @@ function requireArray(data: Record<string, unknown>, key: string): unknown[] {
   return value;
 }
 
+function requireFolderTree(data: Dataset): void {
+  const folders = requireArray(data as unknown as Record<string, unknown>, "folders");
+  const parents = new Map<FolderId, FolderId | null>();
+  const siblingOrders = new Map<FolderId | null, Set<number>>();
+  const requireOrder = (order: unknown, label: string) => {
+    if (typeof order !== "number" || !Number.isFinite(order) || !Number.isInteger(order)) {
+      throw new ImportValidationError(`${label} has an invalid order`);
+    }
+  };
+  const requireLocation = (folderId: unknown, order: unknown, label: string) => {
+    if (folderId !== null && (typeof folderId !== "string" || !parents.has(folderId))) {
+      throw new ImportValidationError(`${label} references unknown folder "${String(folderId)}"`);
+    }
+    requireOrder(order, label);
+    const key = folderId as FolderId | null;
+    const orders = siblingOrders.get(key) ?? new Set<number>();
+    if (orders.has(order as number)) {
+      throw new ImportValidationError(`${label} duplicates sibling order ${String(order)}`);
+    }
+    orders.add(order as number);
+    siblingOrders.set(key, orders);
+  };
+
+  for (const entry of folders) {
+    const folder = entry as Record<string, unknown> | null;
+    if (!folder || typeof folder.id !== "string" || !folder.id.trim()) {
+      throw new ImportValidationError("Folder has an invalid id");
+    }
+    if (parents.has(folder.id)) {
+      throw new ImportValidationError(`Duplicate folder id "${folder.id}"`);
+    }
+    if (typeof folder.name !== "string" || !folder.name.trim()) {
+      throw new ImportValidationError(`Folder "${folder.id}" has an empty name`);
+    }
+    if (folder.parentId !== null && typeof folder.parentId !== "string") {
+      throw new ImportValidationError(`Folder "${folder.id}" has an invalid parent`);
+    }
+    parents.set(folder.id, folder.parentId as FolderId | null);
+  }
+
+  for (const [id, parentId] of parents) {
+    if (parentId !== null && !parents.has(parentId)) {
+      throw new ImportValidationError(`Folder "${id}" references unknown parent "${parentId}"`);
+    }
+    const visited = new Set<FolderId>();
+    let cursor: FolderId | null = id;
+    while (cursor !== null) {
+      if (visited.has(cursor)) throw new ImportValidationError(`Folder cycle at "${cursor}"`);
+      visited.add(cursor);
+      cursor = parents.get(cursor) ?? null;
+    }
+  }
+
+  for (const entry of folders) {
+    const folder = entry as Record<string, unknown>;
+    requireLocation(folder.parentId, folder.order, `Folder "${folder.id}"`);
+  }
+  for (const post of data.posts) {
+    requireLocation(post?.folderId, post?.order, `Post "${post?.name}"`);
+  }
+  for (const cost of data.recurring) {
+    requireLocation(cost?.folderId, cost?.order, `Recurring cost "${cost?.name}"`);
+  }
+}
+
 /**
  * `n` is checked hard rather than clamped. The projection walk in
  * `domain/occurrences.ts` terminates only if every step strictly advances, and
@@ -331,6 +396,7 @@ export function parseDatasetJson(text: string): Dataset {
 
   const recurring = requireArray(data, "recurring") as any[];
   dataset.recurring = recurring;
+  requireFolderTree(dataset);
   // Optional chaining, not `.id` directly: a null/non-object entry must fall
   // through to the loop below and fail there with an ImportValidationError,
   // not throw a raw TypeError here while merely collecting ids.
diff --git a/src/store/actions.test.ts b/src/store/actions.test.ts
index aef132a..090959d 100644
--- a/src/store/actions.test.ts
+++ b/src/store/actions.test.ts
@@ -464,6 +464,7 @@ describe("recurring costs", () => {
 
   const rentInput = {
     name: "Rent",
+    folderId: null,
     archived: false,
     amount: { amount: 8000, currency: "DKK" },
     startDate: "2026-01",
@@ -764,6 +765,7 @@ describe("confirmOccurrence", () => {
     data.posts[0]!.id = "housing";
     actions.addRecurringCost(data, {
       name: "Rent",
+      folderId: null,
       archived: false,
       amount: { amount: 8000, currency: "DKK" },
       startDate: "2026-01",
@@ -836,6 +838,7 @@ describe("editing a confirmation's date", () => {
     data.posts[0]!.id = "housing";
     actions.addRecurringCost(data, {
       name: "Car insurance",
+      folderId: null,
       archived: false,
       amount: { amount: 900, currency: "DKK" },
       startDate: "2026-08-14",
diff --git a/src/store/actions.ts b/src/store/actions.ts
index 59093ac..d830c85 100755
--- a/src/store/actions.ts
+++ b/src/store/actions.ts
@@ -134,6 +134,7 @@ export function addPost(draft: Dataset, name: string, currency: Currency): Post
     id: newId(),
     name,
     order: draft.posts.length,
+    folderId: null,
     archived: false,
     currency,
     rules: [],
diff --git a/src/store/migrations.test.ts b/src/store/migrations.test.ts
index d1f27ce..69b5f3a 100644
--- a/src/store/migrations.test.ts
+++ b/src/store/migrations.test.ts
@@ -193,7 +193,7 @@ describe("v2 -> v3: currencies become data", () => {
   test("nothing else about the dataset is touched", () => {
     const before = v2();
     const migrated = migrate(structuredClone(before));
-    expect(migrated.posts).toEqual(before.posts);
+    expect(migrated.posts.map(({ folderId, ...post }) => post)).toEqual(before.posts);
     expect(migrated.months).toEqual(before.months);
     // Sterling's rate arrives later, in 4 -> 5; nothing this step does touches
     // the rate table.
@@ -466,7 +466,7 @@ describe("6 -> 7: recurring costs join the dataset", () => {
     const v6: any = { ...createSeedDataset("2026-09"), recurring: existing };
     v6.settings = { ...v6.settings, schemaVersion: 6 };
 
-    expect(migrate(v6).recurring).toEqual(existing);
+    expect(migrate(v6).recurring).toEqual([{ ...existing[0], order: 3, folderId: null }]);
   });
 
   test("NO figure changes: every post in every month folds identically", () => {
@@ -485,3 +485,33 @@ describe("6 -> 7: recurring costs join the dataset", () => {
     }
   });
 });
+
+test("v7 migration preserves records and assigns mixed order", () => {
+  const data: any = createSeedDataset("2026-09");
+  data.settings.schemaVersion = 7;
+  delete data.folders;
+  data.posts = [
+    { ...data.posts[0], id: "later", order: 9, rules: [{ from: "2026-09", rule: { kind: "fixed", amount: { amount: 20, currency: "DKK" } } }] },
+    { ...data.posts[1], id: "first", order: 2 },
+  ].map(({ folderId, ...post }: any) => post);
+  data.recurring = [
+    { id: "bill-later", name: "Later", order: 8, splits: [{ postId: "first", value: 100, absorbsRemainder: true }] },
+    { id: "bill-first", name: "First", order: 1, splits: [{ postId: "later", value: 100, absorbsRemainder: true }] },
+  ];
+  data.purchases = [{ id: "purchase", splits: [{ postId: "later", value: 100, absorbsRemainder: true }] }];
+  const before = structuredClone(data);
+
+  const migrated = migrate(data);
+
+  expect(migrated.folders).toEqual([]);
+  expect(migrated.posts.map((post) => [post.id, post.order, post.folderId])).toEqual([
+    ["later", 1, null], ["first", 0, null],
+  ]);
+  expect(migrated.recurring.map((bill) => [bill.id, bill.order, bill.folderId])).toEqual([
+    ["bill-later", 3, null], ["bill-first", 2, null],
+  ]);
+  expect(new Set([...migrated.posts, ...migrated.recurring].map((item) => item.order)).size).toBe(4);
+  expect(migrated.posts[0]!.rules).toEqual(before.posts[0].rules);
+  expect(migrated.recurring.map((bill) => bill.splits)).toEqual(before.recurring.map((bill: any) => bill.splits));
+  expect(migrated.purchases).toEqual(before.purchases);
+});
diff --git a/src/store/migrations.ts b/src/store/migrations.ts
index de9ba06..f58f54a 100644
--- a/src/store/migrations.ts
+++ b/src/store/migrations.ts
@@ -193,6 +193,27 @@ const MIGRATIONS: Array<(data: any) => any> = [
     settings: { ...data.settings, schemaVersion: 7 },
     recurring: Array.isArray(data.recurring) ? data.recurring : [],
   }),
+
+  // 7 -> 8: posts and recurring bills gain independent locations in a shared
+  // folder tree. Preserve each type's former display order, with posts first.
+  // The migration writes no financial data and reads no live default.
+  (data: any) => {
+    const posts = Array.isArray(data.posts) ? data.posts : [];
+    const recurring = Array.isArray(data.recurring) ? data.recurring : [];
+    const postOrders = new Map(
+      [...posts].sort((a: any, b: any) => a.order - b.order).map((post: any, index) => [post, index]),
+    );
+    const billOrders = new Map(
+      [...recurring].sort((a: any, b: any) => a.order - b.order).map((bill: any, index) => [bill, posts.length + index]),
+    );
+    return {
+      ...data,
+      settings: { ...data.settings, schemaVersion: 8 },
+      folders: [],
+      posts: posts.map((post: any) => ({ ...post, order: postOrders.get(post), folderId: null })),
+      recurring: recurring.map((bill: any) => ({ ...bill, order: billOrders.get(bill), folderId: null })),
+    };
+  },
 ];
 
 export function migrate(raw: unknown): Dataset {
diff --git a/src/store/snapshot.test.ts b/src/store/snapshot.test.ts
index 34a1fab..02ed8e7 100644
--- a/src/store/snapshot.test.ts
+++ b/src/store/snapshot.test.ts
@@ -181,6 +181,7 @@ describe("reset", () => {
         id: "extra",
         name: "Extra",
         order: 9,
+        folderId: null,
         archived: false,
         currency: "DKK",
         rules: [],
diff --git a/src/ui/components/ExpectedBand.test.ts b/src/ui/components/ExpectedBand.test.ts
index 7f9ec59..7de253b 100644
--- a/src/ui/components/ExpectedBand.test.ts
+++ b/src/ui/components/ExpectedBand.test.ts
@@ -65,6 +65,7 @@ function cost(overrides: Partial<RecurringCost> = {}): RecurringCost {
     id: "r1",
     name: "Rent",
     order: 0,
+    folderId: null,
     archived: false,
     amount: { amount: 8000, currency: "DKK" },
     startDate: "2026-01",
diff --git a/src/ui/routes/settings/RecurringSection.tsx b/src/ui/routes/settings/RecurringSection.tsx
index 13dbe6a..b4f8072 100644
--- a/src/ui/routes/settings/RecurringSection.tsx
+++ b/src/ui/routes/settings/RecurringSection.tsx
@@ -373,6 +373,7 @@ export function RecurringSection() {
             void mutate((draft) =>
               addRecurringCost(draft, {
                 name,
+                folderId: null,
                 archived: false,
                 amount: { amount: 0, currency: base },
                 startDate: currentMonth,