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When you need help putting together a solid plan for your money, you might seek out financial consulting services. A financial consultant can offer advice and guidance on things like investing, retirement planning, and building wealth. You may also hear financial consultants referred to as financial advisors, as the terms are often used interchangeably, though there may be some slight differences.

What is financial consulting designed to do? In simple terms, it’s all about helping clients formulate a strategy for managing their money. What working with a personal finance consultant looks like for you can depend on your situation and goals.

Key Points

•   Broadly speaking, financial consultants help clients identify strategies to help them reach financial goals.

•   Services offered by financial consultants may include investment management, estate planning, tax planning, and retirement planning, among others.

•   Financial consultants and financial advisors may hold certificates or designations that reflect advanced training, such as Certified Financial Planner (CFP) or Accredited Financial Planner (AFP).

•   Choosing the right consultant requires evaluating the scope of services they offer, their professional certifications and designations, their fee structure, and more.

What Is a Financial Consultant?

Broadly speaking, a financial consultant is someone who offers advice about money – be it retirement planning or buying stocks or other securities – in a professional capacity. A financial consultant may work independently or be employed by a financial consulting firm, and they may offer services online or in-person.

Examples of Financial Consulting Services

Financial consultants can offer a variety of services to their clients. Again, those clients may be individual investors, business owners, or even a non-profit organization. The types of services a financial consultant may offer can include:

•   Basic financial planning, such as creating a household budget

•   Estate planning

•   Tax planning and legacy planning

•   Retirement planning

•   College planning

•   Succession planning for clients who own a business

A financial consultant’s overall goal is to help clients create a comprehensive plan for managing their money. Financial consultants may work with a diverse mix of clients, or niche down to offer their services to a specific demographic or client base, such as dual income couples, with no kids or members of the LGBTQ community.

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Financial Consultants vs. Financial Advisors

The terms “financial consultant” and “financial advisor” are often used interchangeably, as their meaning is roughly, but not quite, the same. There are some important differences, including the licensure that each is required to hold in order to practice, and the regulators each operates under. Generally, they both offer financial advice and guidance in a professional capacity, though.

Other Names for Financial Professionals

Financial consultants and financial advisors can go by more specific names, depending on which professional certifications they hold. Certifications and designations signify that a consultant or advisor has completed advanced training and education in a particular area. Here are some of the most common designations for financial professionals:

•   Certified Financial Planner (CFP®)

•   Chartered Financial Consultant (ChFC)

•   Certified Public Accountant (CPA)

•   Accredited Financial Planner (AFP)

•   Registered Investment Advisor (RIA)

•   Certified Annuity Advisor (CAA)

•   Certified Financial Consultant (CFC)

•   Certified Tax Advisor (CTA)

•   Chartered Financial Manager (ChFM)

Navigating the alphabet soup of designations for financial consulting services can be confusing and it helps to understand what type of advice you need.

For instance, if you want to work with an advisor who can help with everything from budgeting to retirement planning, then you might choose a Certified Financial Planner. On the other hand, you might want to work with a registered investment advisor if you’re specifically seeking investment help.

The main thing to know about financial consulting services is that there’s more than one option to choose from. Taking time to research a consultant or advisor’s background and qualifications can make it easier to find the right person to work with when you need consulting services.

When Would You Need Financial Consulting?

Working with a financial consultant is a personal decision. With that in mind, you might start working with a consultant at any time if you feel that you need help managing your finances. If you need more specific examples of when it makes sense to hire a financial consultant, here are a few scenarios to consider:

•   Your parents pass away, leaving you $500,000 in assets. You might work with a financial consultant to figure out the best way to maximize your inheritance while minimizing taxes.

•   After 15 years of marriage, you and your spouse have decided to divorce. You decide to hire a financial consultant to help you create a plan for managing the assets that you’re leaving the marriage with.

•   You’re a parent to a child with special needs who will require long-term care after you’re gone. You reach out to a financial consultant to discuss setting up a trust to pay for their care when the time comes.

Financial consulting services can be an appropriate choice when you have a difficult financial decision to make or you’re trying to navigate a situation that feels overwhelming. Winning the lottery, for instance, could leave you paralyzed with indecision about what to do with the money.

A financial consultant can also help you move through changing life stages. That can include getting married or divorced, having a child, starting or selling a business, or changing careers. Financial consultants can look at the bigger financial picture to help you get through the changes while keeping your long and short-term goals in sight.

Finding the Right Financial Consultant

Finding a financial advisor starts with taking inventory of your needs to determine what kind of advice is appropriate. Once you’ve figured out what kind of help you need, the next step is creating a list of advisors in your area that you might want to work with.

Asking questions can help you get a feel for how an advisor operates. Here are some examples of the types of questions you might want to ask:

•   What kind of financial consulting services do you offer?

•   Do you hold any professional certifications or designations?

•   Do you specialize in working with a particular type of client?

•   What is your investment style?

•   How are your fees structured and what do you charge for consulting?

•   What is your preferred method of communication?

•   How often will we meet?

If you’re considering a robo-advisor, then it may be a good idea to look at how the platform manages portfolios, what benefits or features are included, and what you’ll pay for consulting services. Should you choose a robo-advisor vs. financial advisor? There are some pros and cons to consider.

On the pro side, a robo-advisor can be a less expensive way to get financial consulting services. The typical financial advisor cost is around 1% of assets under management per year. Robo-advisors may cost much less, with some offering services charging a fraction of what a human advisor would.

Of course, there’s a trade-off to consider, since you’re not getting financial advice with a human element behind it. For instance, if market volatility sets in and you’re tempted to sell off stocks in a panic, a robo-advisor wouldn’t be able to talk you through it the way a human advisor could. Taking that into consideration can help you decide which one might be right for you.

The Takeaway

A financial consultant’s job is to help you feel more secure and confident when making decisions about your money. Whether you need a consultant’s services or not can depend on where you are financially right now and where you want to go in the future.

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FAQ

Is a financial consultant the same as a financial advisor?

Financial consulting and financial advisory services are typically grouped together, as they generally mean the same thing. A financial consultant or a financial advisor can provide advice about things like investing, retirement planning, and estate planning. The difference is that consultants may offer their services on a one-time basis, while financial advisors may work with clients long-term.

What does a financial consultant cost?

What you’ll pay for financial consulting services can depend largely on the type of professional you’re working with. A typical financial advisor’s fee is around 1% annually, though it’s possible to pay more or less, depending on the kind of services you receive. Robo-advisor financial consulting can cost less, though it does lack the human element.

What does a financial consultant do?

Financial consultants help their clients create a plan for managing money. A financial consultant may work with individual investors, businesses, or organizations to offer financial advice. Financial consulting services may cover a broad scope of topics or concentrate in just one or two areas of financial planning.

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From charming southern hospitality, stunning beaches, and rich historical roots, South Carolina draws renters from all over. It’s home to bustling college towns, beautiful coastal escapes, and even thriving tech hubs. But is South Carolina a good palace to live? From palmetto-lined streets to legendary barbecue pits, South Carolina has quirks that both attract and challenge newcomers. Here, we explore ten pros and cons of living in South Carolina to help you get a feel for life in the Palmetto State.

Is South Carolina a good place to live?

Life in South Carolina is laid-back, yet provides scenic coastal living, historical architecture, and growing opportunities. Major cities like Charleston, Columbia, and Greenville have become economic hubs, attracting companies in industries ranging from healthcare to manufacturing and technology. Employers like Boeing, BMW, and Prisma Health are some of the state’s biggest, providing various career opportunities. The capital, Columbia, has a lively college-town vibe thanks to the University of South Carolina, while Charleston is a bustling port and an ever-expanding tech industry. 

The state’s cultural scene shines with renowned events like Charleston’s Spoleto Festival USA, and Columbia’s SC State Fair, where the community comes together to celebrate. South Carolinians embrace the outdoors, enjoying everything from hiking through the lush landscapes of Congaree National Park to kayaking along scenic rivers. Beach lovers flock to Myrtle Beach and Hilton Head, while nature enthusiasts find solace in the state’s pristine forests and sprawling parks.

South Carolina overview

Population 5,118,425
Biggest cities in South Carolina Charleston, Columbia, North Charleston
Average rent in Charleston $1,468
Average rent in Columbia $1,057
Average rent in North Charleston $1,686

1. Pro: Beautiful beaches and mild winters

South Carolina’s coastline is a dream for beach lovers, with stunning sandy stretches like Myrtle Beach, Hilton Head, and Folly Beach. With winters that are mild compared to northern states, coastal life can be enjoyed almost year-round. Whether you prefer lounging on the beach, taking scenic oceanfront bike rides, or gathering with friends around beach bonfires, South Carolina’s beaches are an irresistible part of life here.

Local tip: Folly Beach locals say the best time to visit is in the fall when the crowds have thinned, and you can catch the magical sunsets without the summer rush.

2. Con: High humidity and hot summers

The flip side to those mild winters? Summers can be a real scorcher. With humidity often in the 90% range, the summer season here is long and intense, especially in cities like Columbia and Charleston. If you’re not used to high heat combined with high humidity, you may need some time to adjust. 

3. Pro: Southern hospitality and friendly neighbors

Southern hospitality is alive and well in South Carolina, and it’s something newcomers notice right away. Whether you’re moving into an apartment in Charleston or renting a home in Greenville, expect friendly waves, porch chats, and genuine interest from your neighbors. The sense of community here makes it easy to settle in and feel welcomed, as locals take pride in making new residents feel at home.

Insider scoop: As an insider tip, if you want to connect with locals quickly, attend a neighborhood oyster roast or shrimp boil—these gatherings are a South Carolina staple.

4. Con: Limited public transit options

Public transportation isn’t as developed in South Carolina as in some other states, which means a car is a necessity for most people. Outside of Charleston and Columbia, public transit options are sparse. The reliance on driving can be a drawback, especially for those accustomed to using buses, trains, or metro systems. 

5. Pro: Affordable cost of living

South Carolina is known for its affordable cost of living, making it an attractive choice for renters. Rent prices are generally reasonable, especially compared to other coastal states. In Columbia, the state’s capital, the average rent for a one-bedroom apartment is around $1,057, while in Greenville, a bustling city with a growing tech scene, it averages closer to $1,477. Charleston, with its historic charm and beach access, tends to be pricier, with one-bedroom rentals averaging around $1,468. Even so, compared to similarly popular cities along the East Coast, Charleston remains affordable.

6. Con: Higher utility bills

While rent and other expenses are generally low, utility costs in South Carolina can be surprisingly high. The hot and humid climate means air conditioning is a must during the warmer months, which can lead to higher energy bills. Some homes also rely on electric heat in the winter, adding to costs. For instance, utilities in Charleston are 20% more than the national average.

7. Pro: Renowned culinary scene, especially BBQ

South Carolina’s food scene is bursting with Southern charm, from mustard-based BBQ to shrimp and grits. Charleston is a foodie’s paradise with world-class restaurants and innovative chefs, while local BBQ joints across the state serve up signature flavors that locals swear by. If you’re a fan of seafood, low-country boils, and hearty Southern comfort food, you’ll feel right at home in the Palmetto State.

Insider scoop: For a true insider experience, head to the tiny town of Hemingway and try Scott’s Bar-B-Que, a legendary spot beloved by locals for its whole-hog, wood-smoked barbecue.

8. Con: Limited variety of international cuisine

While local cuisine is a strong suit, South Carolina may be limited in international food options compared to larger metropolitan areas. Outside of Charleston and Columbia, finding authentic international cuisine, like high-quality sushi or Mediterranean food, can be challenging. Foodies looking for a wide range of global eats may miss having extensive options nearby.

9. Pro: Rich history and cultural heritage

For history buffs, South Carolina is full of it. The state played a significant role in the American Revolution and the Civil War, and its historical legacy is preserved in sites like Fort Sumter and Charleston’s historic district. Living here offers endless opportunities to explore museums, cultural festivals, and historical landmarks, making it easy to stay connected with the state’s rich past.

Insider scoop: Try the candlelight walking tour in Charleston, where guides share hidden tales of Revolutionary battles, pirate lore, and local legends as you stroll cobblestone streets at dusk.

10. Con: Occasional hurricanes and tropical storms

Moving to South Carolina means being aware of the hurricane season, which typically runs from June to November. Coastal areas are particularly vulnerable, with Charleston and Hilton Head occasionally impacted by tropical storms and hurricanes. While precautions are standard, renters in coastal regions may face occasional evacuations and should consider flood insurance if they’re near low-lying areas.

Pros and cons of living in South Carolina: Overview

Pros Cons
Beautiful beaches and mild winters High humidity and hot summers
Southern hospitality and friendly neighbors Limited public transit options
Affordable cost of living Higher utility bills
Renowned culinary scene, especially BBQ Limited variety of international cuisine
Rich history and cultural heritage Occasional hurricanes and tropical storms

Source: rent.com

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Both Fannie Mae and Freddie Mac announced newly expanded appraisal waivers to reduce costs and help more first-time home buyers purchase a property.

The pair already offer appraisal waivers on some of the loans they guarantee, but the loan-to-value ratio (LTV) is currently capped at 80%.

This means you must come in with a least a 20% down payment to avoid the cost and potential hassle of a traditional appraisal.

To further streamline this process and ease the burden on lower-income borrowers, this number will increase to 90% LTV beginning in the first quarter of 2025.

And it will be expanded to the program limits (e.g. 97% LTV) for their more robust inspection-based appraisal waivers.

You Might Not Need an Appraisal for Your Next Home Purchase

While appraisal waivers aren’t all that new; they were introduced by Fannie Mae in 2016 for refinance transactions and later expanded to home purchases in 2017, they’re limited in reach.

In other words, many home buyers still need to pay for an appraisal when they apply for a mortgage.

This results in an added cost, which can range from say $400 to $1,000 or more. And a longer home loan process as the appraisal is ordered, conducted, and submitted.

It can also lead to uncertainty regarding the collateral value, possibly jeopardizing the loan late in the game if the human appraiser returns with a value below the purchase price.

For these reasons, receiving an appraisal waiver can be a blessing. What’s not to like? A faster, lower-stress loan approval and reduced borrowing costs.

But as mentioned, these only applied to loans where borrowers were able to come in with a 20% down payment.

This clearly didn’t help those most in need, namely first-time home buyers and/or lower-income borrowers who could only muster 3-5% down.

Well, beginning in the first quarter of 2025, these money-saving waivers will be expanded from an 80% maximum LTV to 90% LTV/TLTV.

So if you come in with just 10% down on your home purchase, you might soon be able to skip the appraisal too.

And the maximum LTV ratio for purchase loans eligible for inspection-based appraisal waivers will jump from 80% all the way to 97%.

This means borrowers will be able to get a 3% down Home Possible loan from Freddie Mac, or a Fannie Mae HomeReady mortgage without the appraisal.

Understanding the Different Appraisal Waivers Available Today

First off, I should note that these appraisal waivers apply to conventional loans, not government loans such as FHA loans or VA loans.

So only conforming loans backed by Fannie Mae and Freddie Mac qualify for an appraisal waiver.

Secondly, there are two different types of appraisal waivers. Let’s talk about the straight up waivers that rely solely on data and technology to accept the lender-provided value.

  • Fannie Mae’s is known as “Value Acceptance”
  • Freddie Mac’s is known as automated collateral evaluation (ACE).

These typically require that a prior appraisal that was conducted on the subject property be found in the database.

They are also limited to one-unit properties (including condos) for primary residences and second homes.

In addition, there is a $1 million maximum estimated value (or sales price) for properties to receive the waiver.

The good news is there is no fee to the borrower for these options, which could save them several hundred dollars or more.

There are also so-called inspection-based appraisal waivers, which will see their maximum LTV increase from 80% to 97%.

These more robust appraisal alternatives require property information to be physically collected on-site by trained data collectors.

Similar to an appraisal, the originating lender arranges for property data collection, but the result should be decreased costs and faster turn-times.

The cost of an inspection-based appraisal might be half the cost of a traditional appraisal, so perhaps $200 or so vs. $400 or more.

Does This Introduce Added Risk to the Housing Market?

While these changes will likely be welcomed with open arms by mortgage lenders (and not so much by appraisers), there is the question of risk.

The collateral value of the property is a huge part of the equation when underwriting and approving a loan.

If home appraisals are waived, one could argue that the loan is inherently riskier.

However, this is actually why Fannie Mae stopped using the phrase “appraisal waiver” and replaced it with Value Acceptance.

That change was implemented to better reflect the actual process, which relies upon data collection and technology to accept the lender-provided value.

This isn’t dissimilar from a human appraiser, who also uses data collection to come up with an appropriate value that supports the entered price.

But my guess is there will be some scrutiny, especially as the changes are being introduced at a time when housing affordability has rarely been worse.

Allowing a home buyer to forgo an appraisal when putting just 3% down sounds a little scary when home prices are at/near all-time highs and have increased ~50% in just the past few years.

It also widens the gap between conventional loans and government-backed loans, the latter of which are already known to be more difficult to get approved for due to inspection/appraisal requirements.

(photo: m kasahara)

Before creating this site, I worked as an account executive for a wholesale mortgage lender in Los Angeles. My hands-on experience in the early 2000s inspired me to begin writing about mortgages 18 years ago to help prospective (and existing) home buyers better navigate the home loan process. Follow me on Twitter for hot takes.
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Source: thetruthaboutmortgage.com

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When your mortgage payment comes due every month, it may look like a single bill. But in reality, you’re likely paying four separate things: principal, interest, taxes, and insurance. PITI is an acronym that bundles these four elements together. But in order to better understand where, exactly, your monthly mortgage money is going, we’re going to take PITI apart and explain each element for you.

Understanding PITI

As discussed above, PITI is the acronym for the four basic components of a monthly mortgage payment. PITI includes:

•  Mortgage principal (the amount you borrowed from the bank)

•  Mortgage interest (the amount the bank charges you for the loan)

•Property taxes (levied by the local government)

•  Homeowners insurance (which covers the cost of repairing or replacing your home under certain covered circumstances)

Importance in Mortgage Payments

Together, these amounts add up to your total monthly mortgage payment — though that amount is not the same as your total monthly home expenses, which also include things like utilities and maintenance. (More on that below.)

Breaking down your PITI and calculating each separate component helps you better understand where your money is going each month. During the home-buying process, it helps you narrow your home search to those that are actually affordable on your budget. And later, knowing what does PITI stand for and what numbers comprise the components of your PITI will help you if you need to request a mortgage interest deduction on your taxes.

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Breaking Down PITI Components

Principal and interest are paid to your mortgage lender, and include both the money you borrowed and the money the bank is charging you for the service of offering the loan. Keep in mind that the amount of principal versus interest will change over the lifetime of the loan in a process known as amortization. To get a full picture of how that works, try out a mortgage calculator that includes an amortization chart.

Meanwhile, your property taxes and homeowners insurance will likely flow into an escrow account, where funds will be used to pay those bills as they come due. Property taxes are almost always included in your mortgage payment, and if you owe money on your home, you will be required to carry homeowners insurance. (Even if you don’t, buying a policy is a good idea. After all, if you’re like many Americans, your home is likely the single most valuable asset in your portfolio.)

Finally, there are also other components that may be part of your monthly mortgage payment — though not part of your PITI. These include extras like PMI (private mortgage insurance) or HOA fees. Not every home purchase will come with these payments, but if you make a down payment of less than 20%, some sort of mortgage insurance is usually inevitable.

Recommended: Property Tax and Your Mortgage: Everything You Need to Know

How PITI Affects Home Affordability

PITI in real estate affects home affordability in a pretty straightforward way: Knowing your PITI ahead of time helps you ensure you’re making an offer on a house that’s truly within your budget. Knowing the cost of a home is one thing, but knowing how much the mortgage will actually take out of your account each month is another. One important rule of thumb: Most lenders prefer that your PITI is less than or equal to 28% of your gross (pre-tax) monthly income.

Fortunately, there are some things you can do to lower your interest rate — which lowers your overall PITI. By keeping your debt-to-income ratio (DTI) low and maintaining a good credit score, you can help ensure you get the lowest interest rates possible, which may expand your home-buying power by qualifying you for a lower rate, no matter the purchase price.

Calculating Your PITI

These days, the easiest way to calculate your PITI is by using an online mortgage calculator with taxes. You’ll need to estimate the home’s annual property taxes based on records kept by your county, and add the insurance premium quoted to you into the mix.

Keep in mind, however, that PITI can (and likely will) change over time as both tax rates and your insurance premiums change each year. Although a fixed-rate mortgage keeps your “PI” static, the “T” and “I” may change your overall monthly mortgage payment over the course of its term. To ensure long-term affordability, consider how increases in each of these categories might work with your budget.

PITI vs. Non-PITI Expenses

As discussed above, PITI doesn’t cover the whole range of homeownership expenses. Along with additional extras like homeowners association (HOA) fees and mortgage insurance, owning a home also means paying monthly utilities as well as any regular repair and maintenance costs.

Those costs can add up, especially if you’re not expecting them. One common rule of thumb is to set aside 1% of your home’s value for repairs each year, with exact figures depending on where you live. (In other words, in some expensive states, like Hawaii, California, and New York, repair costs may be even higher.)

Strategies to Manage and Reduce PITI

Keeping your PITI low keeps your housing expenses low, and while some parts of your mortgage may seem set in stone, others are more negotiable.

For example, did you know that you can challenge property tax assessments (that determine the amount of “T” in your PITI)? Once your home is valuated, if you disagree with the findings, you may reach out to your county or local governance to challenge them. Doing so may lower your taxable property value. (Be warned, however, that if the current valuation does not include recent renovations or, say, a new outbuilding, the taxable value could actually rise.)

Additionally, shopping around for insurance can go a long way toward lowering the second “I” in your PITI. Different insurance companies have different proprietary algorithms and therefore different rates for similar coverage. Additionally, you can play with how much coverage you buy — but use caution before skimping on protecting your home.

Finally, if you already have a home mortgage loan but your creditworthiness profile has substantially improved (and market interest rates are lower than they were when you took out the loan in the first place), refinancing may serve to substantially lower the “P” and initial “I” in your PITI. Remember, though, that you’ll pay closing costs again, so factor in that expense before deciding this is the right financial move for your situation.

Recommended: What Is a Home Inspection

The Takeaway

The acronym PITI describes the four most basic elements of a monthly mortgage payment — but they’re far from the only costs associated with homeownership. Still, understanding PITI can help you find a home that’s within a reasonable purchase price range in the short term — and taking strategic steps to reduce your PITI can help you keep your costs low for years to come.

Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% – 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It’s online, with access to one-on-one help.

SoFi Mortgages: simple, smart, and so affordable.

FAQ

How does PITI change over the life of the loan?

If you have a fixed-rate mortgage, your principal and interest payments will always amount to the same total — though the ratio of how much of those funds go toward interest versus principal will shift over the lifetime of the loan in a process known as amortization. Your property tax rate and insurance rate may change over time based on the valuation of your home, changes in the local tax code, and insurance premium changes (or a change in insurers). Thus, your monthly housing cost could shift, and even increase, over time, even if the loan is fixed-rate.

Can I pay property taxes and insurance separately from my mortgage?

In most cases, property taxes and homeowners insurance are paid together with the mortgage, and the funds go into an escrow account where they pay their respective bills as they come due. However, it is possible to secure an escrow waiver from your home lender, which would allow you to pay these expenses separately.

How does PITI affect my ability to qualify for a mortgage?

Lenders calculate your PITI before approving your mortgage application — and if your PITI is too high, you might not get approved. Generally speaking, lenders like to see your PITI equal to or less than 28% of your gross monthly income, though some lenders may approve you if your PITI is slightly higher.

What happens if I can’t afford the full PITI payment?

If your financial circumstances change and you can no longer afford to pay your mortgage, your first move should be to contact your lender. They may be able to negotiate or offer a mortgage assistance service. Talking to a U.S. Department of Housing and Urban Development foreclosure avoidance counselor could also help — but simply allowing your loan to fall into default could lead to home foreclosure.

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*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

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Madison, WI, is celebrated for its charming culture and rich history, anchored by its role as a hub for education and innovation. Home to the University of Wisconsin, the city buzzes with energy, blending academic pursuits with inviting neighborhoods, a diverse culinary scene, and many other hidden gems in Madison waiting to be discovered.

Whether you’re settling into a cozy rental house in Madison, WI, eyeing a home in the city, or planning to rent an apartment, living here means embracing a lively community that celebrates connection. From savoring local delicacies and discovering unique eateries to enjoying leisurely strolls around the beautiful lakes, you’ll truly experience the essence of life in Madison.

Photo courtesy of Christina Clancy, author of The Snowbirds (Feb. 2025)

1. Explore your new home

Madison is filled with hidden gems that showcase many unique experiences that blend history, charm, and natural beauty. Whether you’re seeking a tranquil escape in nature or a lively café to start your day, you’ll find a wealth of delightful options waiting for you.

Discover the hidden gems within the neighborhood

One of the best hidden gems in Madison comes from Christina Clancy, author of The Snowbirds (Feb. 2025) who shares a touching detail of her home. “The previous owners of our 1916 Prairie-style home in Madison revealed a charming detail about the kitchen: they had a special cabinet just for picnic baskets. The house is near Picnic Point, a finger of land that juts into Lake Mendota and is accessible via the five-mile-long Lake Shore Path, which stretches from the UW-Madison campus to the Lakeshore Nature Preserve.” 

She goes on to share, “Now I take the path Picnic Point to run, forest bathe, birdwatch, walk my dog, join friends around the campfire pits, and ding cowbells at the marathoners and Iron Man participants hitting the final stretch of their races. When I go toward campus, the path leads to the community-run Hoofer Sailing Club where I can rent a boat, listen to the UW Marching Band practice for Badger game day, and watch live music on the Memorial Union Terrace overlooking the lake. The Lakeshore Path is where the community and the campus connect, and it’s where the vibrancy of our beloved college town and the natural beauty of the city are on full display.”

Photo Courtesy of Sunne Boutique

More hidden gems in Madison can be found by taking a leisurely walk to the University of Wisconsin campus and exploring nearby attractions. Visit the Henry Vilas Zoo, stroll along the lake path behind Edgewood College, or wander through the Arboretum. You’ll even discover a hidden gem called Lake Wingra where you can ice skate near the zoo or do a little ice fishing. In the summer, rent a boat or kayak and don’t forget to stop for ice cream at The Chocolate Shoppe right after.

Find your comfort coffee shop

Awa Sibi, the owner of the West African restaurant Les Delices De Awa, shares her morning routine before starting her day at the restaurant. “I look forward to grabbing an iced latte every morning from one of my favorite local coffee shops, Reverie, rain or shine. It brings a sense of community to walk into a coffee shop where you know all of the baristas and they know how you take your coffee.” She continues to recommend a visit to The Atwood and Shenck neighborhood which has an array of great local cafes for all the coffee lovers. 

Visit historic spots

For the history buffs interested in the hidden gems in Madison, author Frank Bures, shares a great tip. “There are many places in Madison worth a stop, but one of best is Monona Terrace, the modernist, Frank Lloyd Wright-designed conference center that was first proposed in 1938, and finally built in 1997. On the roof of Monona Terrace is a small memorial to Otis Redding, the 26-years-old singer who died in a plane crash in Lake Monona in 1967, one month before his song ’Sittin’ on The Dock of the Bay’ was released.”

Photo courtesy of Forward Madison FC

2. Cheer for the Forward Madison FC

Set in the heart of Downtown Madison, the historic Breese Stevens Field is home to Professional Men’s Soccer Team, Forward Madison FC. Whether you’re a die-hard soccer fan, planning a fun night out with a group, or a business looking to treat your office to an evening on the town, an FMFC match is the perfect outing for you. This team marches to the beat of their own drum with its Flamingo flair, live cow mascot, and energy-packed supporters section, Forward Madison FC matches are a must in Madison.

3. Embark on a day of shopping

Madison offers a unique shopping experience for different interests and tastes that you’ll want to add to your bucket list. Whether you’re browsing curated collections or losing yourself in a captivating read, you’ll quickly find your go-to hidden gems in Madison that invite you to discover its delightful blend of local flavor and community spirit.

Browse through curated collections

As you explore Madison, be sure to stop by Wish Upon Boutique, a hidden fashion gem just minutes from the city. This boutique offers a meticulously curated collection of trendy women’s clothing, gifts, and accessories that are as unique as they are stylish. After shopping, take a walk through Stoughton’s history downtown and enjoy the perfect blend of small-town charm and city convenience. 

Continue your shopping spree on Monroe Street where you’ll find a delightful selection of locally owned boutiques and local eateries. One store you don’t want to miss is Sunne Boutique. Inside this cheery little spot you’ll find a selection of clothing and goods with a California-European vibe. There is something unique for everyone to find. After, stop by Bloom Bakery for a shopping break and enjoy some sweet potato donuts.

Photo courtesy of Calabash Gifts

Another must-visit hidden gem in Madison is Calabash Gifts on Monroe Street, featuring a vibrant collection of arts from South Africa and Eastern Africa, including fine art, basketry, hand-carved animals, textile decor, stone carvings, and jewelry. Curated through fair trade practices, these pieces support African women’s cooperatives, job creation programs and individual artists. 

Explore Madison’s literary gems

If you’re in the mood for a cozy afternoon, Mystery To Me Books is the perfect spot to relax and browse. While known for its wide selection of mystery novels, the shop offers a little something for everyone—whether you’re into rom-coms, fantasy, non-fiction, or graphic novels. They also host engaging events like author talks, where you can meet the writers behind your favorite books. If you’re looking to connect with fellow readers, their book club is a great way to immerse yourself in Madison’s community while diving into some great stories.

Another must-visit on your ever-growing list of book destinations is Frugal Muse Books on the west side of Madison. With 30 years of experience buying, selling, and trading, this beloved local shop is a treasure trove of nostalgia. Browsing through the eclectic collection of used and new books can evoke fond memories of discovering hidden gems, whether it’s a cherished childhood favorite or a quirky comic. You can also comfortably sell your beloved reads here, knowing they’ll continue to impact new readers’ lives. Plus, you’ll find an array of movies and music across various genres, including those niche subjects that spark joy and curiosity.

4. Savour Madison’s culinary landscape

Madison’s diverse culinary scene offers everything from farm-to-table delights to international cuisine, sure to satisfy every craving. It’s undeniable that Madison is a haven for food lovers and you’re sure to discover hidden gems as you explore the city.

Dine and discover

If you’re craving Italian cuisine in Madison, look no further than Lombardino’s Restaurant. This charming neighborhood eatery boasts a warm, inviting atmosphere that makes every visit feel special. With a frequently changing menu inspired by seasonal ingredients, there’s always something new and exciting to discover. Lombardino’s prides itself on sourcing from local farms and incorporating the finest imported Italian products, ensuring a fresh and authentic dining experience. To elevate your meal, explore their thoughtfully curated Italian wine list, perfectly paired to enhance each dish.

Photo courtesy of Lola’s

If you’re searching for a lively night out with friends, Lola’s Hi/Lo Lounge is the ultimate hidden gem in Madison. Step into this stylish cocktail lounge, reminiscent of the vibrant 60s, where the atmosphere radiates retro charm and sophistication. As a vinyl HiFi bar, Lola’s offers a unique auditory experience, with local DJs spinning classic vinyl records that set the perfect backdrop for your evening. Whether you’re enjoying dinner or unwinding late into the night, the inviting ambiance and expertly crafted cocktails create a memorable experience.

Find your community

Whether you’re new to Madison or a long-time local looking to get more involved in the community, becoming a member of the Madison, WI chapter of Books, Brunches & Booze is a great way to meet new people while exploring the city’s culinary delights. Enjoy unique venues like Leopold’s Books Bar Caffè, a cozy spot that combines a bookstore, bar, and coffee shop. Leopold’s is a great spot to dive into a novel and unwind with friends. It’s the ideal spot for book clubs and foodies alike.

Have your own cooking experience

FEED Kitchens is a food business incubator that invites individuals from various backgrounds to bring international flair to Madison’s food culture. With a membership, individuals and businesses can come together to create delicious food, many of whom actively contribute to the city’s culinary scene. The facility fosters a diverse community, with producers hailing from around the globe. In addition to the variety of products made at FEED Kitchens, over 20 food carts launch from the facility during the summer event season, serving the greater Madison region and further enriching the local food landscape.

Photo courtesy of Speckled Hen Inn

5. Enjoy a weekend away

If you’re living in Madison and craving a peaceful escape that feels worlds away, consider a stay at The Speckled Hen Inn. This charming 20-acre country estate offers rooms with king-sized beds, cozy fireplaces, and relaxing jetted tubs. Each stay includes a farm-to-table breakfast, featuring fresh, local ingredients. As you unwind by the fire, take in the serene views of sheep, llamas, and a horse grazing in the picturesque white-fenced pasture. It’s the perfect spot for a holiday retreat, offering all the warmth and tranquility of a Hallmark Christmas getaway.

Hidden gems in Madison, WI just waiting to be discovered 

Every city has its pros and cons, but Madison, WI, is a captivating city that seamlessly blends culture, community, and natural beauty. From its diverse culinary scene to its unique shopping experiences and rich history, Madison invites both residents and visitors to explore its many hidden gems. Enjoy a meal at a charming neighborhood restaurant, cheer for a local soccer match, or uncover hidden gems in the city’s vibrant neighborhoods. Each experience contributes to the welcoming spirit that makes Madison what it’s known for.

Source: rent.com

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The Offer

Pepper app is offering the following deals:

  1. Get 12% back on Sam’s Club with no limit (these work the same as Walmart gift cards)
  2. Get 10% instant discount on Instacart, plus the regular 3% back; this deal is valid 10/27 – 10/30 and is limited to $200 in purchases ($20 discount)
  3. Get 15% back on Wayfair with no limit
  4. Get 15% back on Puma with no limit
  5. Get 20% back on Fanatics with no limit
  6. Get 20% back on Abercrombie with no limit
  7. Get 20% back on Bed Bath & Beyond with no limit

The standard Pepper points will be instantly available and the bonus Pepper points will be awarded on 11/10/24. You can see these deals in your messages tab or notifications tab; also, be sure that you should see the bonus reflected on the checkout screen. These deals end today and often sell out early.

The Pepper points system is confusing, so let’s give an example: Let’s say, for example, that Pepper is offering 10x on Amazon. If you buy $100 in Amazon gift cards, you’ll get 8,000 points instantly (4x) which is worth $4 toward your next purchase; that’s 4% back. In a few weeks, you’ll get an additional 12,000 points which is worth $6 and is the same as 6% back. Altogether, you’ll end up with 10x back will is the same as 10% back. It’s easier to just avoid thinking about the points totals and focus on the ‘x’ back since that is the same number as the % back you’ll be getting (1x = 1% back; 10x = 10% back).

You’ll see a tab in the app called ‘Points History’ which will clearly show which points have posted and which points are pending. (Update your app if you don’t see it.)


Our Verdict

Keep in mind that for most of these deals the bonus points won’t be available for a few weeks, and it’s not worth buying unless you can manage the risk of something going wrong with the bonus points posting a few weeks down the line. There have been times when people have had issues logging in; therefore, I’d recommend screenshotting and copying the gift card info immediately. I’d also recommend using up the Pepper points as soon as possible just in case something goes wrong with the company.

These deals stack well with the AmEx Offer for $15 off $50. Reports are that Amex Business Gold  to earn 4x if it’s one of your top two categories as part of the Computer Software category. And it counts as Computer Software category for BofA Customized Cash Rewards cards for 3%/5.25% and for 1.5x on the Business Platinum card. And reports are that it counts as Online Shopping for BofA cards and Blue Cash card and ShopYourWay card and the legacy Citi AT&T card.

Note: While there is no limit to most of these deals, you might be limited in overall quantities that can be purchased from Pepper in a day. So you might only get $2,000 or some other number until the app stops you. It’s sometimes possible to increase limits by calling in and verifying. And you might be able to buy again the next day as your limits reset.

My thanks if you enter my signup code 584255 during the initial signup process. Those who signup with a referral code get double Pepper points on all purchases for 15 days. (If you do a bonus offer during the referral period, some people report there being a stack of the two deals with double points on the base and single points on the bonus. Others report only the base gets doubled.) Please no referral sharing in the comments below.


Source: doctorofcredit.com

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Did you know that Wichita, KS is actually the largest city in the Sunflower State? Tucked in the heart of Kansas, Wichita is a true hidden gem of the Midwest. From its impressive aviation history to its charming local culture, there is much that Wichita is known for. 

But no one knows the Air Capital of the World better than its locals. Whether you’re moving to an apartment in Wichita, KS, renting a house in the city, or looking for a home to buy in the area, we’ve compiled a list of 10 unique things to do in Wichita that will help you get to know the city as well as they do. 

1. Clifton Square: The best place to start 

In the heart of the College Hill neighborhood sits the charming Clifton Square. This unique shopping village makes its home in a collection of renovated Victorian-era houses, and makes for the perfect place to begin to get to know Wichita. 

“Clifton Square is a charming, historic spot full of local boutiques and restaurants perfect for people looking to explore unique things to do in Wichita,” shares Troy, food blogger of Live Local. “It offers a delightful blend of shopping, dining, and relaxation in a picturesque setting. The square’s welcoming atmosphere makes it an ideal destination for a fun and memorable stop, whether you’re a local or just passing through.”

“Clifton Square has great restaurants, shopping, and atmosphere,” shares Kelsey, owner of Barre Forte, a group fitness center out west with the best bang for your buck. “It’s fun to hit up a bunch of the local spots when moving to Wichita, and this is a great place to start.”

2. Dive into the culinary scene with Blue Hook Cajun Seafood & Bar

As an ever-growing culinary hub, Wichita has so many diverse dining options to explore. To experience the city’s vibrant local culture and flavors, Blue Hook Cajun Seafood & Bar is a must-visit destination. Enjoy live bands on the weekends, indulge in famous seafood boils, and enjoy crispy fried catfish at this Wichita favorite. 

Photo courtesy of the Orpheum Theatre. 

3. Explore the duality of Wichita’s rich history and modern art scene

Built in 1922, the historic Orpheum Theatre in downtown Wichita is a culturally-filled niche within the community. Its architectural significance and beauty is rich in history, and it serves as a resource for both national and local music, film, comedy, dance, and theatre. It’s the perfect place to blend a love of local history with local art. 

4. Take a treat break with Kelly’s Sweet Creations

Kelly’s Sweet Creations is a prime spot for delightful treats to add to your day of exploring unique things to do in Wichita. They offer a mouthwatering selection of freeze-dried candies, artisan fudge, ice cream, cinnamon rolls, cookies, coffee, soda, and dirty soda. With a commitment to quality, all treats are crafted daily, and new items are rotated in each week to keep it exciting for your sweet tooth.

5. Don’t miss one of the most iconic art installations in the city 

“If you’re discovering Wichita, be sure to visit the Keeper of the Plains, particularly for the daily Ring of Fire ceremony,” shares Vandana, local photographer and co-founder of XXV Photography. The 44-foot tall sculpture created by local Native American artist Blackbear Bosin in 1974 stands at the meeting point of the Big and Little Arkansas rivers in downtown Wichita. “This stunning landmark serves as a popular gathering place for the local community and offers breathtaking views, especially at sunset,” says Vandana. 

6. Keep your Wichita food tour going with Peruvian cuisine

Lima Nation brings the bold flavors of Peru to life in the heart of the Midwest. It expertly combines both the warmth and diversity of Peruvian food with Wichita’s evolving culinary scene, offering everything from their signature Lomo Saltado to the ever popular Pollo a la Brasa. Whether you’re indulging in an iconic happy hour, a Peruvian Sunday brunch, or showing your friends around town, it’s a must-visit to experience the diversity of Wichita’s culinary culture. 

7. Check out the lively Kansas Grown! Farmers Market

The Kansas Grown! Farmers Market in the northwestern corner of the city is a must for anyone getting to know Wichita. In addition to some of the freshest, locally-grown produce in the city, you can find a wide variety of meats, baked goods, jams, salsas, honey, handmade crafts, and more. Open every Saturday from April to October, it’s the perfect place to stock up for your weekly meal prep. 

8. This local chocolatier is the bee’s knees 

When not working out of their women-focused private office and gathering space, the team at co-working space The Hive loves spending time at Cocoa Dolce. In addition to indulgent handcrafted chocolates and artisanal drinks, this great local startup offers a cozy, welcoming environment great for focusing and getting work done. They perfectly capture the entrepreneurial spirit that makes Wichita special. 

9. Give back and have fun doing it with Wichita Wagonmasters

Each year, Wichita Wagonmasters, a local organization promoting the good life of Wichita, assists up to 50 local charities through event support and funding from their Good Life Grants. If you’re looking for a truly unique thing to do in Wichita, their annual Downtown Chili Cook Off takes place on the last Saturday of September. They feature over 50 chili teams, live music, a kids’ zone, and a variety of family-friendly activities spanning three blocks. Proceeds from the event fund their philanthropic efforts to help make Wichita a better place for everyone. 

10. Please your palate with an iconic Vietnamese dish 

Head over to the Southwest Wichita neighborhood to find Paris Banh Mi. They combine French styles with the unique Vietnamese style Banh Mi to create a one-of-a-kind dish you won’t find anywhere else. Stop by and try it alongside their popular boba teas or another one of their delicious creations. 

Unique things to do in Wichita, KS: Final thoughts 

Whether or not it’s the first Midwestern city to come to mind, there are plenty of unique things to do in Wichita that make it worth looking into. No matter what brings you to the Air Capital of the World, this list from local experts is sure to help you decide whether Wichita is a good place to live.

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The FAFSA Submission Summary is a document containing your estimated financial aid eligibility for the relevant academic year and copies of your responses on the Free Application for Federal Student Aid (FAFSA).

The summary is not an official financial aid offer. Colleges use the information from your summary to create financial aid offers once they’ve admitted you.

Here’s what you need to know about your FAFSA Submission Summary and how it factors into your financial aid package.

What information does the FAFSA Submission Summary include?

The FAFSA Submission Summary provides basic information about your financial aid eligibility, including:

  • Estimated eligibility for the need-based Pell Grant, which provides up to $7,395 per academic year that you don’t repay. 

  • A copy of the answers you provided for each FAFSA question.

  • Information about the school(s) you selected to send your FAFSA to, including graduation rates, median student debt upon completion and average annual cost of attendance.

Example FAFSA Submission Summary

The summary also contains your Student Aid Index (SAI), a measure of your financial need that colleges use to determine your financial aid offers. The index ranges from -1,500 to 999,999. A lower SAI indicates higher financial need.

If your FAFSA was incomplete, your Submission Summary will include instructions on how to resolve any issues before you can receive your SAI.

How to access and download your FAFSA Submission Summary

You can access your FAFSA Submission Summary after the Education Department processes your FAFSA, typically one to three business days after you submit the form.

To find your FAFSA Submission Summary, log into your StudentAid.gov account and check your main dashboard. You’ll find the date you submitted your FAFSA, the date it was processed and a link to view your summary.

Only students can access their FAFSA Submission Summary. FAFSA contributors, like parents or spouses, cannot directly access the document.

To download a copy of your summary, select the “Print FAFSA Submission Summary” button in the upper-right corner of your dashboard and save the document as a PDF.

What should you do with your FAFSA Submission Summary?

Review the report carefully to make sure all the information you provided is correct. That information determines your SAI and your eligibility for federal and institutional aid, so it’s crucial that it’s accurate and up to date.

If you find a mistake, like an error in your address, go to your studenaid.gov account to make a FAFSA correction. If the Social Security number or any tax information imported from the IRS on your FAFSA is incorrect, though, you might have to submit a new application on paper. In that case, contact your school’s financial aid office to find out what your next step should be.

If your current financial situation is different than what’s reported in your FAFSA — for example, if your parents’ income this year will be substantially less than the information on the tax returns you provided — talk with the financial aid office at the school you plan to attend.

Only after you have exhausted all federal and free student aid that you can access through the FAFSA — such as grants, scholarships and federal student loans — should you turn to private student loans.

Source: nerdwallet.com