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Combine 1/3 cup vinegar with 1 tablespoon honey in a small pot. The honey is for added sweetness, but you don’t have to add it. Bring them to a low boil for 10-12 minutes.
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Tip: Open your windows! If you don’t, your house will have a strong smell of vinegar. Just an FYI.
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You’ll notice the change in color and thickness as it boils down. The amount will reduce by almost half, and will look like syrup when it’s done. If it’s too thick, add a little bit more balsamic vinegar. It will also thicken up as it cools. If this happens you can warm it up in the microwave for 10 seconds.