Before you enroll yourself or your child for piano lessons in Singapore, is important that you understand the finances of it. Don’t wing it. Learning to play the piano is a hefty financial decision and you should be 100% comfortable throwing yourself into the music industry. Let us not just get our hearts too excited – everything is a financial decision. So let us make sure that your finances are properly in order and taking piano lessons won’t affect you at all. This way, you will be able to enjoy learning the piano lessons when you take them instead of constantly complaining about rising costs.
First and foremost, if you want to be a serious student of the piano, buy a piano. There is no exception to the rule. If you do not have a piano in your house to practise on daily, you will never become a great pianist. There is no exception to the rule. Period. Getting a first hand or second hand upright piano is enough. You do not need to spend over $15,000 trying to get the best grand piano when you have not even started learning the piano. Most first hand upright pianos goes for around $8,000 to $12,000 in Singapore. A lot of piano shops also allow a 12 or 24 month interest free loan – make use of it! A second hand one in Singapore will go for approximately $4,000 to $8,000. If you are wanting to save some money for renovation or for your child’s other expenses, then go for a second hand upright piano. That is good enough.
Second of all, whether you decide to enroll yourself or your child into school or private piano lessons, these lessons cost money per session. Starting from around $140 per month for Grade 1 students and up till $350 for Grade 8 students, this is the general range of lesson fees that you can expect to pay to take music lessons in Singapore from a private piano teacher. Add an extra $50 to $100 per month if the student is learning from public music schools.
Third of all, you will need to tune the piano approximately once to twice a year. This will cost around $70 to $90 each time. Although not a must, it is highly recommended if you want to keep the piano in good condition.
Next of all, if your or your child goes to the private piano teacher’s studio in Singapore or go to a public music school at a local shopping mall, then you will need to factor in travelling costs as well.
Finally, one of the most important and somewhat significant financial costs when it comes to learning the piano that many first time students did not expect is the exam application fees. You will need to pay money to register for each and every single ABRSM graded examinations to get certified. This is the case for both theory and practical exams. This can cost around $100 to $200 each time, depending whether ABRSM changes the price over the future years.
So there you go, make sure to understand these finances before jumping through loops to take piano lessons. The stupidest thing you can do is to make a financially unwise decision and then end up with no money and unable to continue learning the piano.