While it may not save money upfront, going gender-neutral on larger items is a wise way to stretch your budget if you plan to have more than one child.
"Choosing patterns that can be used for a boy or girl for items such as car seats, highchairs, etc. can save you money down the road," says Carly Kirsch, owner of Newly Nested, a Connecticut-based baby-planning service. The same goes for baby furniture -- a Victorian-style white crib may look lovely in your baby girl's room, but it may not work for her future little brother.
Another savings tip: Consider going generic on certain items. Store-brand formula meets the same FDA requirements as the name brand, according to Joanie Demer, co-founder of TheKrazyCouponLady.com, a couponing and shopping advice site. Price, she says, really is the only difference. "Store-brand formulas average $14 per can, whereas the name brands sit around $23."
If you do find yourself attached to certain brands, sign up for their loyalty programs and "Like" their Facebook pages to get coupons and discounts, Demer suggests. "Don't forget sites like Advil, Tylenol, Vicks, Triaminic and Pediacare for baby medicines, humidifiers and thermometers," she says.
As for clothing, use clearance sales to stock up for the future, adds Demer. When your child grows, you'll have a head start on his or her wardrobe without breaking your budget.