You only have one child (as of now). Cost-wise, I say look for a reliable babysitter. Talk to your neighbours, ask around, and find out a reliable babysitter. For me, that's the best option. However, much as we've heard the horror stories surrounding maids, there are also horror stories regarding irresponsible sitters, so be wary.

About the sleep situation. YOU WILL MANAGE. Trust me, you will. Yes, you may be sleep-deprived at times, you may have to wake up odd hours to make milk, change diapers, dealing with colic, but you will survive that. Try working out a schedule with whatever baby care options you've decided on. Schedule baby's sleep. Of course, the baby may have ideas of his or her own, but persevere and keep at it. Stick to a certain routine of nap, milk, nappy change time. If possible, start from during your wife's confinement period when she can try to get the ball rolling on the sleeping schedule.

Take it easy. Don't worry too much, or you'll miss out on the best experience in your life. You guys will manage. Best wishes.

I think some are too harsh on TS. Who are we to say they're not ready to have a kid? I mean, the very act of asking our opinions, finding out what's best for their baby is saying to me, at least, that they are serious about the care of their baby.

Oh ya, TS, another option, if you want and can afford to take a maid, get your mom to stay with you for the first few months. Your mom can train the maid and basically monitor the progress etc. And the option of leaving the baby with relatives brought up by some others is also a good one.