Dick smith have some reasonably priced external drives - Seagate 500g for $79 or upgrade to a 1 terabyte for $99. They are powered off the usb port and are usb 3 which is backwards compatible with previous versions. That way if you end up upgrading your laptop you can take advantage of the faster transfer speeds. As an aside you should try to keep around 20% of your hard drive as 'free space' for optimum performance (your primary drive with the OS on it that is). I think Big W has Western Digital drives for $89 for 500 gig too. Hope that helps! Good luck p.s. you should try to have 2 backups of everything you value so maybe grab 2 drives. Try to keep at least one backup off site - eg I have a backup drive that lives in the car so if the house burns down while I am away at least I have a backup!
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