Didn't we do well?
There are lots of ways to save money when it comes to buying new equipment for your baby. For a start, you don't need to buy everything in one go. Items such as highchairs and even full-size cots can be left until later.
Babies need clothes to wear and nappies to keep them dry. They need somewhere warm and clean to sleep, plus some form of safe and flexible transport, and a source of food. If you meet these basic requirements, you'll cover all bases.

What your baby needs
Clothing - four or five full outfits should be enough to start with. Don't feel compelled to buy all new clothes: considering how long each item will fit your baby, your might want to consider hand-me-downs.
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 - useful extras you may want to consider include: a raincover, cat net, shopping basket and tray attachment.
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 bottlefeeding 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.