How can I record my daughter's games on the cheap?

Episode 1357 (2:04:40)

Ed from Pennsylvania
Canon PowerShot ELPH 520

Ed has a Hi8mm camera with Firewire and he wants to record directly to the computer. Leo says he probably could, but it won't be in hi def. Even his smartphone would be better in quality than that old Hi8 camera. He'd also need a Firewire drive and Firewire is a dead technology. He'd be a lot better off with a point and shoot, and it would give him 12x optical zoom. A Canon ELPH will cost under $120.