OMG I was going to post this same thread just the other day after having the conversation with my SIL on what I wish I hadn't bought or wasted big money on. Great thread.

Money Wasters for Me

Baby bath - Laundry Sink whilst small, then into the tub or DH showers with bubs
Expensive Chg Table with Draws - too small
Expensive Rocking Chair - didn't rock on anything but tiles, too stiff & not comfortable
Baby Bag - doesn't even fit over the pram handle LOL
All the fancy clothes, especially JEANS - what poor scrunched up little bubs is actually comfy in jeans

Couldn't live without

Grobag
A decent pram (I walk everywhere)
Big Wraps....the really big ones
A Nappy Wallet
Wondersuits

Also really wish I had spent the money on a swing or something similar, the indoor ones with the toys above. Bubs can get really grizzly on the ground & want to be held, but if you need a bit of time out or free hands pop them in a swing, turn it on & away they go. OMG they are amazing, I borrowed one but next time round will purchase one for sure.

When I look back I got that excited about having first bubs as did Nanna we all went nuts!! They are only little & want to eat, sleep & small amounts of play. They just want to be comfy & loved, we really don't need everything that opens & shuts. It's kind of like a Wedding, it's only after you realise you could have saved a heap of money along the way, but you want it all to be perfect (& that's fair enough).