Step 1

Place all ingredients in a medium sized saucepan or skillet* (*see notes below) over medium heat.

Step 2

Bring to a boil, then reduce heat and simmer until reduced by nearly half, stirring several times to prevent scorching. (You should not have to stir continuously, just once in a while.)

Step 3

This will take between 15-20 minutes.

Step 4

The end product should be thick and gooey (and delicious)!

Step 5

Makes approximately 1 -1 1/2 cups of Sweetened Condensed Milk.