I guess it depends on how good you want the quality to be. I'd say just get a Go Pro. It's fairly affordable prosumer HD video camera that offers you the ability to attach it to pretty much anything so you can make your home and travel videos with ease, and without having to hold the camera. You can also get the Go Pro app on your smart phone and synchronize it to your camera to control, view it, and share your videos via email, text, instagram, and others. This is actually cheaper than most flipcams.

In terms of DVD authoring/burning, do you have a Windows or a Mac operating system?