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How cheap? Sony Vegas is pretty much the ultimate @ about 200 USD right now.

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Blender has a pretty robust video editor built into it and it's completely free.  It does have some quirks regarding what formats it plays with and it's not as efficient as a standalone editor but it's probably the best option if you're not willing to spend money. Check out some tutorials

 

https://www.youtube.com/playlist?list=PLjyuVPBuorqIhlqZtoIvnAVQ3x18sNev4

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I use AVS Video Editor, http://avs4you.com, it's not free but you can pay a yearly rate of $39 or $59 for the unlimited license, and you get everything in the pack. It is a free download, but will watermark whatever you do, so spending a little is worth it. It's easy to learn and pretty powerful for a low price.

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