In a microwave safe bowl melt the butter, peanut butter, and chocolate chips. I do this by turning the microwave to half power and heating in 30 seconds increments. Stir well after each 30 second interval. Continue until fully melted.
Once melted and smooth stir in vanilla.
Add the rice Chex to medium size bowl. Pour the melted peanut butter + chocolate mixture over the Chex, stir to combined.
Place powdered sugar in a gallon sized Ziplock bag. Scoop the chocolate covered Chex into the bag, seal it, then shake until the Chex are coated in the sugar.
Enjoy!
Notes
Notes:
You're welcome to add more powdered sugar if you'd like. After making muddy buddies a billion times, this is the ratio we love and enjoy. I've found that too much powdered sugar takes away from the chocolate and peanut butter flavor. If you don't like your muddy buddies generously coated in the peanut butter and chocolate mixture, feel free to add more Rice Chex cereal to the mix.