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Storage Needs

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As years passes by, my need of digital storage grows. Aside from work related files, my personal files on family photos are growing larger every week. So I often think that I should get external storage disk or offsite storage. The need is there but I am still confused which of the two should I take. What is the advantages and disadvantages if I get an external hard drive or an online backup storage? Anybody here tried both? What do you think is the best for my needs? Ideas anyone?

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