This Roland R-05 WAV/MP3 Recorder is fantastic if you're a musician, but it's equally great if you just want to record meetings, lectures or other events. This is super compact, convenient, and affordable. You get clear 24/96 capture, enhanced recording and editing features, and a full 16 hours of recording time or 30 hours of playback on one charge. You can use the built-in stereo mic, or add your own with the external input. This records directly to SD card and has some great features musicians will find indispensable.

For practice, you can record a loop or change playback speed without changing pitch so you can really delve into what you're playing or learning, or use it as a songwriting tool. There are cool, practical editing tools on board like built-in reverb. You can also trim, divide and combine directly with the unit—no computer necessary. Super clear sound and playback on this Roland R-05 WAV/MP3 Recorder, easy to use controls, and it's priced right, too.