How Far Out Is Your Farthest Bill?
I was just looking at my template and noticed that I actually have some of my True Expenses that hit infrequently scheduled out into mid 2020. I was just wondering who had the same kind of thing and what they were?
AVG Ultimate May 2020
Hallmark E-Cards February 2020
Car Replacement, estimated date October 2027
Last cycle, estimated replacement was November 2017, but I replaced that car a month early because I decided to give my existing viable car to my daughter. Absent wanting my daughter to have a reliable car, I would have tried to get 2 or 3 more years out of my prior car. It is like that my daughter will get those 2 or 3 years, perhaps more, out of that car.
I'm not sure what you mean by "scheduled out." If that means you have already budgeted for this expense in future months, I don't do that. I have not yet budgeted March 2018; but I know how much I plan to budget to Car Replacement each month between now and October 2027. At that point, I plan to draw down the category by replacing the car I bought in October 2017.
My oldest scheduled transaction is for 5/2026. Its to remind me to renew my passport.
I do exactly this, and have a TON of scheduled transactions set up for the future, both for things that will automatically renew (e.g. YNAB), and things where I will need to manually make the payment, but want to be sure not to forget, for example: annual car inspection, and bi-annual car registration renewal. I personally find it really helpful to use YNAB as a sort of "payment reminder" for these sorts of infrequent transactions, rather than throwing another sort of calendar reminder into the mix, for me. :)
Previously the bi-annual car registration renewal was the "farthest out" transaction I had scheduled, since "every two years" is the largest recurring interval YNAB allows, but I recently added a future transaction for my next driver's license renewal 4 years from now, after HR at my new job informed me that my driver's license had expired on my birthday the previous week, and somehow I hadn't received a reminder from the RMV (whoops!) - definitely don't want to let that happen again! :)
An additional benefit to setting these up even before the actual payment is scheduled is that the budget screen will flag that category orange if I haven't remembered to pre-fund it by the time that future month rolls around (I suspect this will become less and less necessary the longer I use YNAB this time around, but it's been *really* helpful in getting a full picture of my less-frequent-but-recurring expenses thus far!).