Yes…here is another blog about creating another list.  However, it is important to realize all the options out there with lists.  Contact Lists are a great way to have a central location for contacts that everyone needs access to for day-to-day business.  The best example of this is an employee phone list.
To create a Contact List, start by going to Site Actions >> Create.
Under Communications, select Contacts.
 
Enter the name, description, and whether you would like this contact list displayed in the Quick Launch bar.  Click Create.
SharePoint will then step into the Contact list you created.
Click the new button to add a new contact.
 
Now you will see all the fields that you can add information to regarding your contacts.  Notice that Last Name is the only required field.  You can even attach files to contacts.  One function often ignored is the Notes section.  This will help you to remember things that should or should not say in front of this person.