If you have enough "extra" income each month that you currently spend on travel, entertainment, going out to eat, etc, and are willing to switch that to baby money once it's time for the baby to arrive, then you could get away without saving I suppose. Just assuming no one loses a job or hours.
My son was unplanned so I did not have money saved. However I am hoping to plan my next child (if nature agrees with me) and would like to have a few thousand in savings specifically for baby's first couple years of life...carseat, clothes (every couple months at first! ahhh!), crib, cloth diapers, a carrier or two, stroller, toys, books...there are a lot of things I'll need for those first few years and it'd be nice to know I could afford all of it without worrying about cutting back in other areas of my life. I don't have a lot of money to work with so sticking back a little bit when I can is the best I can do.
at 9:08 PM on Jun. 6, 2010