Systematic savings for recurring expenses

We may have recurring expenses every year like insurance bills, electricity bills, school fees, which badly hits our monthly household expenses when comes for the payment. We don't plan for these expenses proactively and mostly get into the financial burden of taking loans to meet these expenses. But planning for these expenses in your monthly household expenses is the best way to meet these payments. Keeping money aside as a liquid cash in the savings account monthly will help you meet these expenses but you may tempt to use these money for any other purpose. Also, you may be reluctant to hold the monthly planned money in the saving account. So, the best way is to open a recurring deposit for every recurring expense, which matures exactly on the month you need the money. This will force you and bring a discipline in you to save the required money easily. You will be able to better plan your monthly budgets and avoid over spending.