I'm due in July and we are putting $8,500 in our baby fund (insurance costs will be about $1000 out of pocket). My SIL runs a daycare so a little break there ($400 a month) plus supplies and insurance ($200) so I see around $600 a month in baby expenses, however I assume we will be able to cut $200 off the going out/entertainment budget). Like you, I am planning to do it as frugal as possible.
Also articles that talk about how much it costs to have a child, often price everything brand name and brand new, include the cost of formula and every do-hickie ever known to man. I really believe it can be done much cheaper...Just my two cents. Don't get too depressed pearlieq
