<prompt> Human: My wife and I are planning to have a kid. We bought a house as well. Weve created a budget and savings goals for the expenses were expecting for when we move in. However, kids are in the picture soon. Soon to be parent with no child experience. Suggestions and advice from budgeting parents here? How should we budget for our 1st kid? What kind of expenses am I expecting?  <response>: Look into Montessori for infants. Basically, babies only need a few simple toys at just the right time to aid their development. Little babies are working on eye focus, so simple mobiles you can make yourself are awesome. Then they start grabbing things and using their hands, and a simple rattle lets them exercise their hands and focus on a task. A big thing I learned about babies and little kids is that you want them to be developing concentration. Having a million toys and all these things that say they stimulate babies does just the opposite. Keep it simple. Dont buy in to what advertising tells you you need for your baby. Ive also saved so much money by shopping at second hand stores that specifically sell kids clothes and gear, as well as consignment sale events Just Between Friends, etc. that are held over a weekend where people sell what they dont need anymore. Shopping used, I spend about 50 for each of my kids twice a year. Used, brands like Gap and Gymboree clothes are 2 to 5 a piece. It is also pretty easy to find younger kids used shoes that are in good shape gets harder as they get older, particularly for boys. The big cost to consider is if your babychild will be going to Daycare, and how many days per week and how long. Daycare is more expensive for babies since they need so much attention. It gets a bit cheaper as they get older. Decide what you want in a daycare. NAEYC is a great resource for this, as is Montessori. Sometimes it is actually more cost-effective for one parent to stay home with the baby. 