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Step 1
Combine all ingredients except the peaches in a heavy-bottomed pot, cover, and bring to a boil.
Step 2
Remove the lid and simmer for 5 minutes.
Step 3
Add the peaches, making sure they are covered by the liquid. (You might have to flip them halfway through.)
Step 4
Cook until tender, about 5 minutes more, checking with a paring knife to make sure they are soft the whole way through.
Step 5
Remove the peaches with a spoon or ladle and fill 1 quart-sized canning jar or other large heat-proof jar that seals well. (You won't be water-bathing them, so it's ok if it's not a real canning jar.)
Step 6
Let the liquid cool slightly and then ladle over the peaches until the jar is full.
Step 7
Close, cool to room temperature, and refrigerate.
Step 8
The peaches will keep for a week or two in the fridge but will eventually start to look feathery and disintegrate, so eat up!