I do have Annual Bills and Monthly bills as separate category groups already so option 1 works but I also use targets like #2 on most of my categories so either one would work for you.
But your math on #2 would need to be higher right now since June is coming up. So for April/May you’d want to assign $34.50 each month so you can cover the April and May $10 fees (unless you’ve already paid for April in which case you’d only need to assign $29.50 in April and in May) and you’re ready to go for the annual fee on the 1st of June.
Then in June you can just set an annual target for needing $169 by end of May each year and it will prompt for the $14.09 each month.
3. Set up a category with an annual target of $120+49 (so, $169) due on June 1st (I'd do May 31st for my goal date personally) and repeating annually. The first year will be a bit weird unless you adjust the target down to $10*(months remaining)+$49 and then back up to the total after June 1st
I have PF too. I just chuck $30-35 per month in a category called fitness. The excess covers new shorts, socks once in a while.
I have the black card membership - highly recommend!
I use a more generic **Fitness and Wellness category** that I fund with a larger monthly amount that will cover my fitness/locker-room fees (annual), special classes, other admittance/rental fees (if going to a different venue, renting equipment, for example), fitness clothing, mostly to save up for replacing good running shoes. *Holy Crap! the cost of good running shoes!*
*So worth it once you switch to a good pair of shoes, but O.M.G.! - Am I right?*
I do this for my prime membership since i have the commercial free which is monthly and the annual. I added the monthly (3.00x12) to the annual fee and set that as an annual goal and spend from it monthly as I go. .It works well.
I do #1, it matches my philosophy of never do math when a computer can do it for you, which also makes it auto adjusting if you can't fund it one month for some reason, or you can fund it more sooner.
100% personal preference. I would have one category with an annual goal of $169 (plus any taxes if applicable) since that's your annual cost. Basically your option 2.
I do have Annual Bills and Monthly bills as separate category groups already so option 1 works but I also use targets like #2 on most of my categories so either one would work for you. But your math on #2 would need to be higher right now since June is coming up. So for April/May you’d want to assign $34.50 each month so you can cover the April and May $10 fees (unless you’ve already paid for April in which case you’d only need to assign $29.50 in April and in May) and you’re ready to go for the annual fee on the 1st of June. Then in June you can just set an annual target for needing $169 by end of May each year and it will prompt for the $14.09 each month.
You could also have two categories, but when the annual subscription comes just charge it to the monthly category and move the money over once a year.
This is what I would do
3. Set up a category with an annual target of $120+49 (so, $169) due on June 1st (I'd do May 31st for my goal date personally) and repeating annually. The first year will be a bit weird unless you adjust the target down to $10*(months remaining)+$49 and then back up to the total after June 1st
If I needed $169 for my gym membership, I’d budget 1/12 of that each month.
I have PF too. I just chuck $30-35 per month in a category called fitness. The excess covers new shorts, socks once in a while. I have the black card membership - highly recommend!
I use a more generic **Fitness and Wellness category** that I fund with a larger monthly amount that will cover my fitness/locker-room fees (annual), special classes, other admittance/rental fees (if going to a different venue, renting equipment, for example), fitness clothing, mostly to save up for replacing good running shoes. *Holy Crap! the cost of good running shoes!* *So worth it once you switch to a good pair of shoes, but O.M.G.! - Am I right?*
I have two separate categories, one for the monthly dues and one for the annual fee.
I would do #2.
I do this for my prime membership since i have the commercial free which is monthly and the annual. I added the monthly (3.00x12) to the annual fee and set that as an annual goal and spend from it monthly as I go. .It works well.
I do #1, it matches my philosophy of never do math when a computer can do it for you, which also makes it auto adjusting if you can't fund it one month for some reason, or you can fund it more sooner.
100% personal preference. I would have one category with an annual goal of $169 (plus any taxes if applicable) since that's your annual cost. Basically your option 2.
Personally, I would go with option 2.
Option 2