My wife and I just found out that we're having our first child. While this is a wonderful thing, it also concerns us a bit. Particularly because we're on limited funds (TA & RA combined salary) and we're still 1.5-2 years away from graduating together. Also, since our academic careers are so demanding, we're also concerned about balancing time taking care of our newborn.
I read the responses in this post, but I'd like to ask for more specific advice for new parents in graduate school. What strategies have you used to enable you to handle having a newborn while both parents are finishing their PhD? Both in terms of time management and making ends meet, financially.
Any personal anecdotes, experience, advice, and tips are welcome! :)