I do something slightly different. I create a new playlist every month, sometimes songs carry over from the previous month, sometimes not. New songs come in, old songs go out. I can go back to any month since late 2011 and see what I was listening to at the time.
I do the same, I named them “SelecTunes YYMM” and been doing it since 2018
Really like this idea. The archive is automatic! Do you have to organize into folders etc. or just one big list.