In the Live TV settings you can set Recording Paths for movies and series, but there are some occasions where it would be handy to have a custom recording path set when you schedule a recording.
For example, I have separate folders and libraries for Kids Movies and Kids TV Shows as well as my regular Movies and TV Shows folder. If I schedule something for the kids, when I'm scheduling the recording I'd like to have an option to automatically send that recording to the Kids Movies folder.