Bank like a financial pro with the Alliant mobile app. Make payments, deposit checks, manage cards and so much more.
Renovate your kitchen, pay off high-interest debt, or have access to emergency funds when you need it with an Alliant Home Equity Line of Credit.
Browse new and used vehicle inventory, and qualify for a rate discount when you buy!81
Separate each of your savings goals into an Alliant Supplemental Savings Account so you can visualize your progress.
Discover how an award-winning banking experience could be your next little win.
Logo courtesy of CNBC
By Pam Leibfried
March is National Music in Schools Month!
My 11-year-old nephew is starting his second instrument in as many years. A couple of his cousins have started and stopped playing piano and guitar. And I don’t think that the children in my family are unusual – children just tend to be fickle. That is why so many parents choose to rent musical instruments for their school-aged children instead of buying them.
Before you price out the cost of renting or purchasing, check to see if you can borrow an instrument. Some school music programs have instruments that beginners can borrow, though that is becoming increasingly rare as school arts budgets are reduced. Or maybe you have a family member or friend who used to play the instrument your child is interested in. If so, ask them if they would be willing to loan it to your child. If their trumpet or trombone has been sitting in a closet gathering dust, but they just can’t bring themselves to sell it, they may be happy to see it put to good use. I know if one of my nieces or nephews said they wanted to play the clarinet, I would be happy to loan mine to them.
When I started playing the clarinet in grade school, I first borrowed an instrument from my school. But once my parents knew that I loved it, they bought one for me. I went on to play from fifth grade through high school, and even performed clarinet accompaniments to a song or two at my college’s winter sacred chorales. To this day, 35+ years later, I occasionally pull out my clarinet and play a tune to lift my spirits and literally blow away a bad mood. For my parents, buying was the right choice, and they definitely got their money’s worth out of that decision. Or more accurately, I definitely got their money’s worth!
If your child already plays an instrument, practices regularly without nagging and really loves it, purchasing may be the best option for your family. Below are some of the cost factors to consider when buying:
Even when your child loves the instrument he or she plays, buying a new one might be too expensive for your budget. A possible solution? Buy a used instrument.
Maybe you’re not sure that your child is really committed to sticking with it. Or even though your child is committed, you’re just not sure that you can afford to buy an expensive instrument. Here are some of the factors you need to investigate and consider when it comes to instrument rentals:
Sign up for our monthly newsletter to help you stay at the top of your financial game.
Welcome! You'll now have financial tips sent to you directly each month.
You are leaving Alliant’s website to enter a website hosted by an organization separate from Alliant Credit Union. The products and services on this website are being offered through LPL Financial or its affiliates, which are separate entities from, and not affiliates of, Alliant Credit Union.The privacy and security policies of the site may differ from those of Alliant Credit Union.