Whatever you decide to do, let it be a decision that YOU make. Also, don't let anyone make you feel bad for your decision either way. This whole breastfeeding/formula debate has turned into "who's a better mom p*ssing contest" and it's getting silly. Either way, your baby will be fine!
Without knowing why your boyfriend doesn't think it's a good idea we can't really give you very much feedback. You're right that it is less expensive to breastfeed because formula is crazy expensive but also be aware that many moms go into it fully planning to breastfeed and are unable to for many reasons: low supply, poor latching, nicu babies, allergies, etc and have to completely rethink their plans. No matter what you do, the most important thing is that your baby is getting fed.
I breasfed both my first kids until they were about 8 months and then switched to formula because it was very tough to pump at work for so long. Formula is EXPENSIVE. One small container of Enfamil was $17 and lasted me 3 days. I now buy it in bulk from castco. I spend about $75 a month now for my 9 month old baby. But besides all that, breastfeeding has really been a great and connecting experience. Sometimes it'll be the only way you can comfort your baby. It's so much more than nutrition. I still breastfeed at night to put LO to sleep.
Read and research about it. Show your boyfriend the facts. I'm not sure I understand why he doesn't think it's a good idea. If it's something you choose to do, that should be enough.
If this is something that you are really wanting to do, you might ask your doctor's office or hospital you are delivering at to talk to a lactation specialist. They might be willing to discuss this with you and your SO and answer any questions or concerns either one of you might have.
I'm a huge breastfeeding advocate. With that said, I understand there are some valid reasons some women can't. I can't imagine why he would be against it.....?
Re: Breastfeeding
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That being said, if you do come back OP, everyone has given great advice and resources for breastfeeding.