As far as I understand I start by ripping a DVD using Mac the Ripper, Mux the ac-3 and m2v with ffmpgx... then what, editing?
How about some editing software advice? Expense is a huge issue considering buying expensive things incorporates spending money that I do not have.

Are there some cheap alternatives to Final Cut Pro or Premiere? Spending a thousand is out of the question, but maybe 200-300... pushing 400 will hurt. Any advice would be much appreciated!
...and please be gentle.