Last but not least, there are several media players that come with functionality already integrated for downloading and transcoding videos from YouTube. For instance, YouTube videos may be downloaded and saved using VLC Media Player as MP3 files with just a few clicks of the mouse. If you're already making use of a media player like VLC for something else, this choice may prove to be the most convenient one for you.
To convert the youtube videos now, visit Youtube MP3 Converter.