Quoting Tarynosaurus Rex:" Babies don't have to be that expensive. When I have kids I will have a home birth (no hospital bills). ... [snip!] ... if you think you need to have all new stuff and use formula and sposies it adds up, but there's a LOT you can do to cut costs."
I agree you can do things to cut costs, I honestly don't think I've spent anywhere near what SOME people spend on the first year. I use disposables, but I stocked up with coupons/sales while pregnant so I've only had to buy one box since she's been born (now almost 9 months old). I also breastfeed, so we don't have to pay for formula. However it doesn't make babies cheap by any means. There are random things that you need to do as they grow that costs a good amount of money, once it's all added. We needed to baby proof our house around 6 months, and it cost us probably close to $300 and we still need to buy a new entertainment stand because she's constantly getting into everything.We have to buy clothes a lot because she's constantly growing (yes we buy new, but it's not a huge deal). Her swing also took a crap, so we invested in a jumperoo which was about $100. Granted she may not need the jumperoo, but it sure saves me because she constantly wants to be held. Now we're looking into buying her a portable high chair because we visit relatives regularly (at least once a week), and she needs a place to sit/eat where she can make a mess. Also we can adjust her straps up one more level and it will be time to purchase a new car seat. Speaking of car seat, this doesn't necessarily HAVE to go with a baby, but it does make it convenient to have a four door car so we are also looking into that for the sake of convenience and safety for DD. We have a two door that's pretty old and I'm sure we'd still be fine with using it if we didn't have DD. Idk, there are probably a lot of other things I am forgetting about and I know that not everything I listed is something you necessarily NEED, but my main points are that the first year is unpredictable, and you may have a "plan" before the child is born on how to save money, but you'll randomly come across things that make everything so much easier in the long run and it adds up.