Buy used Baby gear (except for car seats). You'll save a fortune and can find a ton of it from parents a little ahead of you in the game.
Get a good quality light weight stroller. The massive ones that barely fit in the trunk are fine for some things but the fold up umbrella types work great 90% of the time and are way easier to deal with.
There's been a ton of good info posted in this thread I won't bother repeating. I will mention that I waited for years to have kids. I can honestly say it's the best thing I've done in my life so far.
Congratulations to you!
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