I should have clarified that the DVD burner had a limited useful life because DVD burners have been standard accompaniments to computers for some time now (shortly after I bought the burner). Technology moves so fast these days.Your DVD burner is still a viable solution if you are willing to limit the files you back up. It is just that Blueray disks hold about 6 times more information than a standard DVD and 3 times more than a Dual-layer DVD.
For instance if you were to back up all of your "pictures" library, for most users they would all easily fit on a regular or DL DVD without any zipping or file compression of any kind.
My entire "Documents" library would fit on a regular DVD and my "music" on a single DL DVD.
But if I had a Blueray burner I could burn all three of those libraries to a single Blueray disk.
Where I would run in to real problems is my downloads folder is 150GB and my videos folders are over 500GB. My downloads include many files I downloaded that are zipped but I would never consider zipping my entire downloads folder as a back-up solution and even Blueray wouldn't be practical IMO.
So I use an external HD because it is practical for my needs, and I don't compress anything, I use a straight one-to-one copy/compare program, Microsoft's SyncToy.
It is important to pick the right back-up method/media based on the volume and frequency of data you have to back up. I just think everyone here is suggesting that zipping files as a back-up solution is probably not your best option. Zipping is fast and reliable as a compression and consolidation method for sending/receiving files via the internet but it isn't really intended as a long-term back-up method.
As for postponing the need to buy a Bluray burner, my data is fortunately small in volume. I was wrestling with size this last time because I was putting a whole bunch of snapshots from mem stick to disc. From what I read, it's never a good idea to rely on mem sticks as backup because nonvolatile memory has a tendency to disappear on occassion.
I will have trouble filling up a DVD with regular snapshots, even without compression. I could leave the disc unfinalized in order to add future snapshots onto the same disc, but that is risky. Not only has unfinalized discs caused portability problems in the past, but all the snapshots on the disc will have a single point of failure. For that reason, I will probably decide to finalize the disc after putting 1 snapshot on the disc.