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Step 1
In a large bowl, whisk together the flour, sugar, salt, and yeast.
Step 2
In a medium bowl or pitcher, whisk the milk, egg, vegetable oil, and vanilla extract together until well combined.
Step 3
Pour the wet ingredients over the dry ingredients and whisk together until reasonably well-combined--about the count of ten. A few little lumps are just fine.
Step 4
Cover the bowl and refrigerate overnight.
Step 5
The next day, pull the batter out and let it sit in a warm place for about an hour or so before making your pancakes. You can use it immediately, because the yeast will wake up, but it's nice to give them a head start.
Step 6
Preheat your griddle or preferred pancake pan and cook about 3 oz at a time. Cook until very bubbly on top. The edges will appear dry, about 90 seconds-2 minutes. Flip and cook the second side for about 1-1 1/2 minutes or until lightly golden brown on the second side. NOTE: The second sides are always less attractive than the first. I always serve mine first side up!
Step 7
Keep pancakes in a warm oven (about 200F) until all are cooked, then dig in.