Vhs to cd-r?

Being brand new to this I hope you are gentle with me!!!
I want to copy my vhs tapes onto dvd,but I have not yet got a dvd!! So I was wondering if I could burn them on to CD-R and watch them when I have a dvd player? Or can I watch them only on my pc?
I do not know what stuff I require but I do have a nero 5 cd-rw and that shows a facillity for pictures.
I do have a playstation which has been “chipped” to play cd-r playstation games and the plug which allows US games to be played on pal tv in colour (if this is any help)
Thanks Steven
:bow: to your superior knowledge