Will you buy most things new, or can you buy second-hand or borrow? While it is very important to buy some things new for safety reasons (car seats and strollers, for example), many other expenses can be reduced through buying things secondhand—or even borrowing them! Baby clothes, toys, diaper bags, and other necessities can break the bank if you’re not careful. Take a good look at your budget and see what you can reasonably afford.
While most people can’t know this answer for sure, it is something to consider. For example, if you plan to adopt a child with special care requirements, or if the mother has special medical circumstances, take a look at those extra costs and budget them in as best you can.