You have selected the Individual member recurring payment membership level.
This is an individual membership fee that will be charged by Paypal now, and then each following year on the 1st January. As it is nearly the end of the 2018 year, you will be charged now and then again on the 1 Jan 2020 (you won't be charged on 1 Jan 2019).
Forget to pay your membership fees? Likely to be a member for a long time? This is the option for you! This can be cancelled by you anytime through your Paypal account.
The price for membership is $47.00 per Year starting January 1, 2020.