I agree with the notion that cloud storage (Google drive, one drive, Dropbox) are simply too costly to use as your archive for photos and videos. UHD video on my phone takes up around 700 MB per minute. A single photo is around 5 MB. In about 3-4 years of normal usage you will blow past the 2 TB max that these services offer.

Then what will you do? Pay even more? It's an endless thing. It's not sustainable if you care about money at all. What you need is a combo of local storage (4 TB drives in RAID) and have a full archive backup in glacier or something.

Costs will be in check, and best of all no recurring cost just to keep your data saved. And you still have a proper backup if need arises.