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Step 1
Add all of the meatloaf ingredients to a large bowl and gently mix everything to combine (without over-working the meat).
Step 2
Form the meat mixture into a round loaf that will fit into your instant pot.
Step 3
Place the loaf on a large piece of aluminum foil and fold the edges up to make a secure nest for the meatloaf to rest in. (You want the edges high enough that grease from the loaf wont spill out onto the potatoes while cooking.)
Step 4
Add the quartered potatoes, water, and salt to the bottom of the instant pot.
Step 5
Lay the IP wire rack on top of the potatoes. Place the aluminum foil "nest" with the meatloaf on top of the rack.
Step 6
Secure the lid on the pot and close the pressure release valve. Select manual/High pressure and cook at high pressure for 25 minutes*. When the timer beeps, allow the pressure to naturally release for 10 minutes.
Step 7
While the meatloaf cooks, make the sauce by combining all of the sauce ingredients in a bowl.
Step 8
Remove the IP lid, and carefully remove the meatloaf. Discard the aluminum foil and dippings. Spoon the meatloaf sauce over the top and cut into slices.
Step 9
Add the milk, sour cream, butter, bouillon paste, and salt and pepper to the bottom of the instant pot with the mashed potatoes. Mash to combine (but don't over-mash the potatoes). Taste and adjust seasonings, as needed.