Place parchment paper or aluminum foil in an 8x8 pan.

Mix the peanut butter and honey together and melt using medium heat in a medium size saucepan until combined.

Remove the pan from heat and add Cheerios. Mix well.

Spoon mixture into the 8x8 pan and press.

Cover and place in the refrigerator for at least 1 hour. Cut into squares and serve.