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Step 1
Pour milk into a medium pot and heat gently over medium heat with cinnamon and nutmeg.
Step 2
While the milk is warming, prepare the egg yolks: in a large bowl, whisk egg yolks and sugar together until thick and lighter in color. Once the milk is hot but not quite simmering, reduce heat to low.
Step 3
Temper the egg yolks by whisking about 3/4 cup hot milk into the egg yolks and sugar.
Step 4
Pour the tempered egg mixture into the pot with the rest of the hot milk. Cook very gently, stirring constantly, until thickened. This should take about 5 minutes.
Step 5
Remove from heat and stir in vanilla extract, rum extract (or chosen alcohol), half and half and heavy cream.
Step 6
Optional step: for a smoother eggnog, strain using a fine mesh strainer lined with cheesecloth.
Step 7
Pour into an airtight container and refrigerate until completely chilled. Serve with extra nutmeg.
Step 8
Whip the 4 egg whites (the ones you didn't use from the egg yolks above) until stiff peaks form. Fold into chilled egg nog and serve.