Bisquick / Jiffy Mix substitute

I haven't tried this yet, but found it on

 

Make Your Own Bisquick Mix

by Marily

4 ½ c sifted flour
2 Tbsp sugar
1 Tbsp + 1 ½ tsp baking powder
1 c shortening
½ tsp salt
2/3 c powdered milk

Stir together flour, baking powder, salt, and sugar. Sift together 2-3 times in a large bowl. Cut in shortening with pastry blender or two knives until the mixture is similar to cornmeal. Add dry milk. Use in recipes that call for Bisquick or all-purpose mix.
To get recipes for your All-Purpose Mix, you can buy one small package of Bisquick from the store. Get a coupon here. Cut out the recipes from the box and store them in a container with your mix. You could also buy a package of the store brand, like I did. Even cheaper, go to Betty Crocker's website to get free recipes.

Here's another version from:
http://plainjanemom.com/2007/01/28/make-your-own-bisquick-substitute-because-thats-about-as-home-made-as-i-get/

Make your own Bisquick substitute.

Ever need to make something fast with Bisquick, but then you realize you’ve even run out of that? Give this a try:
1 cup flour
1 1/2 teaspoons baking powder
1/4 teaspoon salt
1 tablespoon Crisco
Mix dry ingredients together, then using a pastry knife cut the Crisco into the mix. Makes 1 cup Bisquick equivalent.
Unlike real Bisquick, this has to be stored in the fridge — which makes it less convenient than the real-deal, but it works in a pinch. It is also good if you’re concerned about all the weird ingredients found in Bisquick. (Haha, I know…)