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First, it will require you to choose among the many storage capacities available. This flexibility makes online storage way cheaper than buying a new hard drive for your files. Depending on how much storage you want to purchase, you will be paying for that amount of storage alone.

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If they are something precious to you like family photos or archived records sometimes they can't ever be replaced and you are totally screwed. Seriously, can you afford not to use cloud storage? Do you ever work on something from your job at home like a presentation that is due Monday and you are putting the finishing touches on it? Often we can't get those files back. Or perhaps your senior thesis is due and someone pops into your dorm and steals your laptop.

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In the meantime you should be able to save 1,000 on hosting some part of your IT service — backup or email being the most likely in the short term. I'm sure they will come in time. Some claim massive savings of 20% to 40% of your entire IT budget for Cloud Computing, but I've yet to see those massive savings myself.

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