Editing a YouTube video

I wanted to post an existing YouTube video on one of my websites, but I first wanted to make some minor tweaks to it. Since I do not have any video editing software, I was wondering what the simplest (and cheapest) way would be.
I thought I'd share my tips here for anybody who wants to edit a YouTube video without buying any new software.

1. Download the free VideoSpin software from Pinnacle
2. Download the free version of VDownloader
3. Once you have downloaded and installed the above programs you're ready
4. Browse for the YouTube video you want to modify
5. Open VDownloader
6. Paste the URL of the YouTube video in the "Video URL" field
7. Save in output format "MPEG"
8. Now open your Pinnacle VideoSpin
9. Edit the MPEG file as required
10. When your finished editing, go to the "Make Movie" tab
11. Choose the web icon on the left hand side, select "YouTube" from the "Uplad to this website" menu and click "Create"

You can also save it locally as a MPEG-4 file (which will save it as a MP4 file) and then upload from inside your YouTube account.