A wide range of evidence has demonstrated the impact of music learning on phonological awareness and the development of reading. Music reading, its relationship with linguistic abilities and reading skills are all highly researched areas. However, limited information is available regarding the relationship between early text reading and early music reading. This study examined the relationship between word reading and music reading, musical aptitude and phonological awareness. The sample consisted of 119 Hungarian grade 1 elementary school students, who were at the beginning of both their text-reading and music-reading studies. They had commenced their studies just nine months before the point of assessment. Phonological awareness, musical aptitude and music reading were the independent variables in the linear-regression model, whilst word reading was the dependent variable. Together, the independent variables explained 50% of the level of development of word reading. The findings suggest a link between early word reading and early music reading. Moreover, further research as well as transfer research may benefit from looking at the possible effects of acquiring and practicing symbol reading, a process most frequently accompanying music learning, on the development of text reading.