Transfer Your VHS Video Tapes to DVD

There are several ways to do this:

1. Recording with a DVD Recorder
2. Recording with a Capture Card (my method)

Read this article. It is very complete.
How To Transfer VHS to DVD

Also read what the Chip Chick has to say.

Ion’s VCR 2 PC VHS-Ripping Recorder is Hassle Free

Here is a short video.

Video Tech Tips: Affordable Video Editing Program

And an article:
Cheap and Easy Video-Editing Tools