Make your own homemade sweetened condensed milk to bake with or to add to lattes for richer flavor. It just takes two ingredients you likely already have at home to whip this up.
In a medium saucepan on medium-low heat, add in milk.
Add sugar to the milk and stir until it is dissolved.
Allow the mixture to simmer lightly with the lid off for about 30 minutes, until it is reduced by about half. Stir frequently to make sure the mixture does not burn. Turn the heat to low, if needed.
Once reduced, let the mixture cool before putting into an airtight container. Use immediately or store in the fridge for up to a week.
Notes
You'll know the mixture is ready once it reduces by about half, thickens, and is slightly darker in color. Keep in mind that the mixture will continue to thicken more once it is cooled.
You can double recipe if you need to make a big batch. Keep in mind, though, that it will take longer for the milk to condense.
Use homemade sweetened condensed milk in cream pies, such as homemade pumpkin pie or key lime pie (which is even better with a sourdough graham cracker crust). It also can be used in homemade ice cream, cheesecake, and more.