I would recommend checking Craigslist or local thrifts for vintage receivers that have the phono stage built in, an older Pioneer, Kenwood, Marantz or Sansui. You should be able to find an older receiver for under $100.00. Haven't heard the Insignia but BB has a 30 return if you don't like them. I was looking for some stuff for a friend and noticed they also sell a pair of Sony 8" 3-way floor speakers for $169.00 a pair. I would also look used for a turntable, a vintage Pioneer or Technics. It may not sound great but you can find used DVD players for under $50.00, well under usually, a DVD player will play CD's. If going new you would spend your budget on just one piece. There are also a lot of speakers on Craigslist too. Many of which are cheap, if you can find some in good condition that may be an option as well. Good hunting.....