Using the re-occuring calender function in outlook will let you set the appointment to re-occur at a set date/time for as my cycles as you wish with a reminder.
For instance, you can set it up to have a re-occuring appointment to pay a bill on the 15th of every month. To learn how to do this...
Open a new appointment and complete all the appointment details as shown in the How Do I Add/Delete Calender Appointments? tutorial.
To set the re-occurance, choose the Re-occurance tab that is located in the top center of the appointment screen.

Double click the Rr-occurance tab and this window will open.

This screen will allow you to set all the details of the appointment and the re-occurance details. Once complete, click OK.