Vanilla extract is something we use a lot of around here. In fact, I am a big believer that you should always add more to the recipe than called for. Especially in waffles and chocolate chip cookies. That being said, it's hard to be extravagant with something that costs so much.A few years ago, I spotted an article in a Martha Stewart magazine with a surprisingly simple tutorial on making your own vanilla extract. You split 3 vanilla beans, drop them in 1 cup of vodka (unflavored here, of course), and wait 3 months. We have discovered that the longer you let the extract steep, the more intense the flavor. Voila! Homemade vanilla extract! But I wondered if we were really saving any money. Here's the break down:
The price of pure vanilla extract can vary widely. I've priced it at anywhere from $0.81 to $3.25 a fluid ounce, with an average cost of $0.88 a fl. oz. Of course, this is one area where I firmly believe you get what you pay for. We spent a total of $33.00 for vanilla beans and vodka. I purchased Madagascar beans this time, which were a bit more than the mexican beans we used last time. We'll have to wait and see if the flavor is noticeably different. So for our $33.00 we got 50 fl. oz. of extract (or will have come October); that's $0.66 a fl. oz. I'd say that's a great deal, considering I know exactly what's in it (and NOT in it). At that price, and with 50 fl. oz. hanging around, I feel like I can afford to be extravagant in my baking. Well worth it.

