Mix the ingredients in a wide skillet and bring to boil on medium high heat, stirring occasionally. Once it starts to boil, reduce heat to medium and cook for 8-10 minutes. Keep stirring until the mixture resembles thick syrup. If it runs down the side of the spoon when lifted, the jam is not ready. Keep cooking for an additional 1 to 2 minutes longer, stirring constantly. Cool jam to room temperature and then spread it on your favorite cracker, bagel or peanut butter and jelly sandwich and enjoy!