What is the best way to print a CD Label

I am not a web-designer or work in advertising. But I do have lots of DVDs and CDs I've created (most of them are videos & photos of my daughter) and currently I am only labeling them with a marker.

I really want to have a nice looking (somewhat professional look) of CD Label. I purchased those CD Labeling Kit, but I want to "customize" my label, not using one of the free template that they've given. I do have several of CD Labels made and they turned out ok (I use Photoshop CS). But everytime I print a CD Label, it always take me 3 to 4 times to get it right. This really has wasted me ink. What I meant to "get it right" is the print is printed exactly or a little bit more than the "circular" part on the sticker. Also, some time what looks good on the screen, it came out fuzzy on the printout (eventhough I printed it on 300 dpi).

Anyway, what's the secret to print a customize CD Label, and got it printed exactly on the circular part of the label/sticker? Is it wort it to get one of those printer that can print the label straight onto the CD? I heard that in the long run, having the sticker is not good.

Any suggestions is appreciated.

Thanks,

amanda