Leave cream cheese out for 30 minutes.
Let butter reach room temperature too.
This makes mixing much easier.
Add them to your mixing bowl.
Beat until smooth and fluffy.
This takes about 2 minutes.
Pour in both sugars slowly.
Add vanilla extract next.
Mix until completely combined and creamy.
Use your spatula for this step.
Gently mix in the mini chips.
Don't overmix at this stage.
Fold in most of the sprinkles.
Save some for decorating the top.
Your dip is now ready!