I forgot about the financial side of it. When our son was born my husband wasn't working so it was a very hard time for us. I had to pray and ask God to provide for us, and he did. I didn't have to buy hardly any clothes, I didn't have to buy a cot, or bassinet (I used handed down ones, which were fine condition) same with the high chair. I used cloth nappies, which a lot of people say is so much hard work, it's not too bad. Mind you R wasn't working in the early days so he helped with all that, and by the time he found a job, I was in the routine or it. I am still using them as Daniel isn't potty trained yet. I have found the cloth nappies to be cheaper. I don't know what the price of disposables is where you are, but to me it worked out cheaper.
Also, have you got parents or in-laws that are supportive of you and your unborn baby? I found mine to be great, in terms of helping out with things our son needs. R is working now, but Daniel is the only grandchild so they tend to spoil him a bit. I also find that I can buy a lot of toys and little extras for Daniel from second hand shops and apparently e-bay is pretty good (although I've never bought anything through e-bay, just have heard that it is great, lot's of bargains)
The other thing I will point out, is if you buy second hand baby equipment, make sure you check the safety aspects of it. eg. are the cot bars spaced too wide that a baby's head could get stuck, and is it sturdy enough. Just little things like that.