I thought I'd start with what is hands down the most important and best purchase we made in preparation for Molly's arrival. There are a lot of baby monitors out there. We registered for a video monitor, but when we didn't get it, we considered the Angelcare Deluxe. There are three words to tell you why, as a new parent, you need this monitor: peace of mind.
We've had a few scares. Luckily they were false alarms. I know parents who have not had false alarms, and this monitor literally saved their baby's life. I don't know about you, but I'd rather be safe than sorry. Molly moved into her crib at 3 weeks old. Don't judge us - she was one heck of a grunter and we needed to get what little rest we could. But we felt comfortable making the transition because of this monitor.
Another great feature of this monitor is the temperature display. I have loved being able to wake up at night, and look at the monitor and know that her room is at a comfortable temperature.
We found this monitor at Babies R Us for $149.99. Find yourself one of their awesome 20% off coupons, and you have yourself a great deal. Even without a discount though, it's a heck of a small price to pay to know your baby is safe.