The ultimate joy of a new baby can be tempered by worry in an economic climate like this one. We asked Erica Sandberg, a personal finance expert and author of Expecting Money: The Essential Financial Plan for New and Growing Families, for strategies to help working new moms survive and thrive.

Revise your baby budget. “Your child does not need half of what’s out there,” says Sandberg, who advises sticking to the basics and analyzing every purchase.

Seek out savings.

Ask friends and family for hand-me-downs. Try garage sales and online auctions, which often have good bargains on items like cribs and strollers.

Find creative child-care options.

Perhaps a family member can help you save on baby sitting. Or consider sharing a nanny with a friend both to cut costs and gain a playmate for your child.

Let your boss know your worth.

With layoffs hitting left and right, emphasize your skills and the ways you contribute to your company, says Sandberg.

Expand your earning power. Look into entrepreneurship and brainstorm ideas that capitalize on your hobbies and creativity. You might discover new passions that lead to a more fulfilled you— and a safe and well-cared-for child.