Recording methods, what hardware/software do you use?

I was recently listening to some recordings on sound lantern, as well as the usual youtube stuff. What type of hardware/software do people use to get a reasonable recording? Laptops with external mike? Audacity (which I have, but have only used in it's simplest form)? I'd like to do some better grade recordings without spending a fortune....
Answer:

its hard not to spend a fortune because any good recording starts with decent equipment like a mic and something like a 4 channel mini board. ....yeah , good luck with that.

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Other answers

Try Bandicam recorder. You can record both your gameplay and desktop screen in high quality Also, you can upload the recorded file to YouTube without converting because the recorded file is much smaller than other software.

Try musicmatch jukebox. You can record in mp3.

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