Spread the cost

You don't need to buy everything in one go. Items such as highchairs and full-size cots can be left until later.

Babies need clothes and nappies, somewhere warm to sleep, some form of flexible transport, and a source of food. If you meet these basic requirements, you've got it covered.

Ask friends who already have children what they found really useful and what was a waste of money.

What your baby needs

Clothing - four or five full outfits should be enough to start with..
Nappies - you have a choice between disposable and reusable. If you choose the latter, you'll need at least 12 and perhaps even 24. Babies get through six to eight nappies a day in the early weeks.
Pram or pushchair.
Car safety seat - many of these double as carriers.
Somewhere to sleep - a crib, cot or pram top, plus bedding (but not pillows, as they're not safe until your baby's one year old).
Feeding equipment - if you're bottle feeding you'll need bottles, formula and sterilising equipment. If you're breastfeeding and plan to express milk, you'll need bottles and teats, and a breast pump if you're not doing it by hand.

Optional extras:

Baby carrier or sling - this allows you to carry your baby and keep your hands free, which makes using public transport easier.
Baby bath - your baby can use the big bath, share with you, or you could use a new washing-up bowl at the very beginning.
Toys - although not really necessary at first, they're nice for you and your baby to enjoy together.
Changing gear - you might want a changing mat or baby dresser with a changing top.

Information Source: BBC