7. Splurge On: A Pack And Play
Some will say you don't need to have a Pack 'N Play. And the thing is, you can certainly get by without one. But we had one for my daughter along with the changing pad attachment and it was a life-saver in the middle of the night when we were changing her diaper in the dark every few hours after she ate. When she was bundled up again, we could just slip her back onto the mattress. 

It's also great for traveling and really doesn't take up much room when folded and put away. And when babies get older and start becoming more mobile, it makes a safe place for you to set them when you need to leave the room.