Let's take a look and try to help our new parents get financially ready for the big day. The first item on the agenda is to recognize the fact that the methods you used before may not be sufficient now. But that won't get the job done any more. And that doesn't even include day care. You'll need to do some research.
Prices vary from city to city.
You'll make choices like disposable diapers vs. cloth. That will affect how much money you spend. Talk to your friends and find out what their bills look like. If both parents have been working, the biggest question is whether one of them will stay at home with the baby. The alternative is using a daycare arrangement.