I found this recipe over at New Life on a Homestead. Sweetened Condensed Milk is very expensive so I thought this recipe was worth the post! Enjoy…

With a can of Eagle Brand Sweetened Condensed Milk going for around $2.50-$3.50 nowadays, you might want to consider this money saving substitute! Here is an easy way to make your own sweetened condensed milk, so that you can stretch your grocery budget a little farther!

• 3/4 cup sugar
• 1/2 cup water
• 1 1/8 cup powdered milk

Combine all ingredients in saucepan and heat over medium heat until boiling, stirring constantly. Reduce heat to low and cook until thickened, approx. 15-20 min. Continue stirring to avoid burning. A double-boiler may also be used to avoid burning.

Here is a “no cook” recipe for Eagle Brand milk substitute that I found at Everyday Food Storage that you might like to try as well:

1/2 C. hot water
1 C. Powdered Milk
1 C. Sugar
1 T. Butter

Blend in blender very well. Can be stored in the refrigerator or frozen.

There are actually several recipes for this out there, some using evaporated milk instead of powdered. If none of mine work for you, keep looking! You’ll never have to buy one of those expensive little cans again!