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Most computer systems already have a CD or CD/DVD drive. If this drive is capable of writing to blank media (check your manuals) then you already have a means of archiving limted amounts of data. However, if you do very much archiving you'll quickly grow tired of swapping, labelling, and keeping track of CD/DVD disks.
I recommend that you consider a portable external hard drive. These drives plug into the USB port (USB-2 port). They don't need a separate power source and can be plugged in even when the computer is running (hot swapped). For about $100 you can purchase a drive that holds 120 gigabytes. These same drives can also be used for routine backups, but see comments below.
Migrating archived files forward
Since the technology of data storage changes rapidly, files that can be read by today's hardware may be lost when this hardware is no longer available. For example, 8-track audio tape players are now all but impossible to find. If you had a valued music collection stored on this media it might be lost. The same principle applies to digital file archives, you must have a plan to copy, or migrate the files to new media as technology changes.
Store media in a fireproof safe
Whatever media you use the final security measure is to place it into a fireproof safe away from the computer when not in use. Some people even advocate moving the media off-site for the most secure storage. I don't advocate off-site but I do suggest a fireproof safe. This of course limits the use of portable drives to archiving since it will be inconvenient to retrieve the drive from the safe to make daily backups. The best options for daily backups are removable Zip-type drives or a second external hard drive.
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