I don't have a schedule myself, but I do vacuum up and air off my lathe everytime I'm done on it for the day. I've had my lathe for a little over a year now and decided to go ahead and take off the banjo, tailstock and pully cover to clean and inspect. I definately don't use my lathe as much as most, so everything looked pretty good. I cleaned and oiled the tailstock base and quill, banjo base and threaded lock pins, cleaned the lathe bed and topped that off with a little turtle paste wax. I have a couple spare belts but the original still looks pretty good. It was a good time to re-familiarize myself with all the working/moving parts again.