What I've done for home videos and recorded programming is to use the VHS/DVD combo to transfer the video to DVD then rip the DVD to my computer using Handbrake (MacOS). The quality of the transfer is as good as I can hope for.
It's an easy, almost enjoyable process. I get the option to watch the VHS or I just let it go overnight or while I'm otherwise occupied (doesn't tie up my computer in realtime). I get an additional, smaller, hard copy of the media. Once I get a handful of DVDs, I can let my computer rip them to my NAS to watch using Plex.
Plenty of sub-$100 VHS/DVD combos on eBay.
Caveat: Purchased movies may have copyright protections. I have the original Star Wars VHS tapes but couldn't transfer them.
Back in the early 2000s I used ~~(I think)~~ an ~~El Gato~~ EyeTV Video to Firewire peripheral to rip to my Power Mac G5. I was never super crazy about the quality of the transfer. The video always looked like, "I used my computer to transfer this". I have to assume things are better these days. I feel like this process depends more on your computer and your software where as the VHS > DVD method is a bit more "aligned". I could be wrong. I mean, the adapters are like $10-$20. They seem too cheap to be trust worthy.