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Step 1
Line a 9x13 baking pan with parchment paper and set aside. If you don’t have any parchment paper you may grease the pan with butter instead, but I find that parchment paper works best.
Step 2
Slice the butter into tablespoon-sized pieces and place it in a large saucepan over medium heat.
Step 3
Once all of the butter has melted, whisk in the granulated sugar, brown sugar, corn syrup, and sweetened condensed milk until fully combined.
Step 4
Bring the mixture to a boil, stirring constantly. Once the mixture is boiling, continue cooking and stirring until it reaches 236°F to 240°F (soft ball stage). If you don’t have a thermometer, you can test the mixture by dropping a small spoonful into a cup of ice water. If the mixture forms a soft ball that flattens easily when pressed between your fingers, it’s ready.
Step 5
Remove the mixture from the heat, stir in the vanilla extract and salt, then pour it into the prepared pan.
Step 6
Allow to cool at room temperature for one hour, then refrigerate for two more hours.
Step 7
Once the caramel is firm, use a sharp knife lightly coated in cooking spray to slice the caramels into pieces.