The most practical purchase is a regular stroller with a seat that folds back, so you can continue to use it in the upright position as baby grows. You can log onto Web sites to get a feel for what's out there in your price range, but eventually you should go to a store to do test runs. Consider whether you may also want a jogging stroller andor an umbrella stroller once baby can sit up (more on those later), in which case you don't want to overspend on this initial purchase.
Play Yard - The play yard is incredibly versatile. More commonly called a Pack ‘N Play, this item can be a crib, a bassinet, a changing table, and a play area all in one. If you plan to travel with your baby, having a play yard ensures that he or she will have a proper place to sleep while away from home. It’s also a safe place to lay your baby down while you take care of yourself or your other children.