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Step 1
Adjust the oven rack to the center of the oven and pre-heat oven to 350˚ F. Place two cupcake liners in the middle of a muffin pan.
Step 2
Whisk together melted butter, oil and sugars in a medium mixing bowl.
Step 3
In a small bowl, whisk one egg thoroughly. Add ½ of the whisked egg (about 2 tablespoons) to the butter and sugar mixture and combine well.
Step 4
Whisk in vanilla extract, buttermilk and red food coloring until the food coloring is well dispersed.
Step 5
Note: Food colorings vary in strength. The batter should be bright red at this stage and will darken when baked. Feel free to add more to get desired color.
Step 6
Sift in the dry ingredients: flour, cocoa powder, baking soda and salt.
Step 7
Combine but be careful not to overmix.
Step 8
Fill each liner two-thirds to three-quarters full with batter.
Step 9
Place the pan in the oven for 14-16 minutes. They are done when a toothpick comes out clean. Let cool in the pan for 10 minutes before removing. Cool completely before frosting.
Step 10
In a medium mixing bowl, mix the cream cheese and butter together on high with a hand mixer.
Step 11
Add in the powdered sugar and vanilla and mix until smooth. If the frosting is too thick, add ½ teaspoon of milk to thin. Add another ½ teaspoon of milk, if necessary.
Step 12
Once the cupcakes have cooled, pipe swirls of frosting onto each cupcake.