Have you ever been in the middle of making a killer dessert when all of a sudden you have that moment? You know, the “Oh crap. I thought I had that ingredient, but looks like I don’t,” moment? And typically it comes at a point in the recipe when you have to add it RIGHT NOW or the whole thing will be blown?

Sweetened condensed milk is that ingredient for me every. single. time.

You’d think I’d learn and just pick up a can whenever I’m at the store. Often I have good intentions, but then I see the price and sticker shock sinks in and I think, “Hmm self,… maybe next week it will be on sale and I’ll grab it then.” And then I don’t.

Recently I discovered I never have to buy it again. Ever. Who knew sweetened condensed milk was so quick and easy to make?

I’ve tried several different recipes and this one is the best, hands down. It’s just as rich and creamy as the original and I’ve never had any issues subbing it for its canned equivalent.

And also, you might find me hiding in the pantry licking the bowl.

Ingredients for Homemade Sweetened Condensed Milk

1/3 C boiling water
4 T butter
¾ C sugar
½ tsp vanilla
1 C powdered milk

Note: In the picture, there is an entire cube of butter. You only need 4 tablespoons for this recipe.

Directions

In a medium bowl, pour boiling water over butter. Add sugar and vanilla and mix well with an electric beater. Add powdered milk and mix until smooth. Pour into container of choice. Makes the equivalent of a 14 oz can of sweetened condensed milk. Store in the fridge for up to 1 week.

Here’s the consistency right after I added the powdered milk:

And here it is, less than a minute later being poured into my mason jar:

I’m sure this would work equally well in a saucepan on the stove. Just bring the water to a boil and add butter, sugar, and vanilla. Mix well with electric mixer and then add your powdered milk. Mix until smooth.

I’ve also heard that sucanat subs beautifully for the sugar. We tend to eat whole, unprocessed foods for most of our meals, so I don’t feel too guilty using white sugar for a special dessert every now and then.

I used mine for a dulce de leche trifle, and used the leftovers for some dulce de leche hot chocolate when we had a random spring snow storm the other day. The options are endless!

So, how does the price stack up against store bought sweetened condensed milk?

Water: free
Sugar : $0.24
Powdered Milk: $0.85
Butter: $0.25
Vanilla: $0.04

Total Cost: $1.38

At my local grocery store, Eagle Brand sweetened condensed milk costs $2.60, so that’s a 47% savings.

Homemade for the win!

Recipe Card

4.75 from 4 votes

love it? rate it!

Homemade Sweetened Condensed Milk

Published By Karrie

Course condiment, Dessert

Cuisine American

Keyword diy, sweetened condensed milk

Servings 4

Print

Pin

Rate

Prep Time 10 minutes mins

Total Time 10 minutes mins

Never run out of sweetened condensed milk again - make it yourself!

Cook ModePrevent your screen from going to sleep

Ingredients

 

US CustomaryMetric

• ▢ 1/3 cup boiling water
• ▢ 4 tbsp butter
• ▢ ¾ cup sugar
• ▢ ½ tsp vanilla
• ▢ 1 cup powdered milk

Instructions

• In a medium bowl, pour boiling water over butter. Add sugar and vanilla and mix well with an electric beater. Add powdered milk and mix until smooth. Pour into container of choice. Makes the equivalent of a 14 oz can of sweetened condensed milk. Store in the fridge for up to 1 week.

Nutrition

Calories: 407kcal | Carbohydrates: 49g | Protein: 8g | Fat: 20g | Saturated Fat: 12g | Cholesterol: 61mg | Sodium: 220mg | Potassium: 425mg | Sugar: 49g | Vitamin A: 655IU | Vitamin C: 2.7mg | Calcium: 295mg | Iron: 0.1mg

Loved this recipe?

Make sure to follow on Instagram @happymoneysaver and on Pinterest @happymoneysaver for more money savin' recipes!

About Karrie

Food is my love language. But so is saving money. So I like to combine the two a lot and make thrifty make ahead and freeze meals to save time. Because life is busy, and freezer meals can come to the rescue for all of us. And yes, they actually CAN taste good. Read more...