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I've never been a big fan of this approach because if you need any sort of version control the mental overhead expands geometrically. But yes- if you just need to dump and forget, newegg has 1TB WD blues for like $44 today.
user-inactivated · 3033 days ago · link ·
I only have five living files that I continually update. I never save over an old one. I just save it with the same filename but a new date, like so . . . "Filename 20XX/XX/XX." That way, if for any reason I ever need an older version, they're there with the new ones.