You have to remember, anything that you do to that video as it is now will cause it lose quality, unless you keep it at the resolution you recorded it at. If you compress it to fit on a CD, you will lose quality. if you compress it to upload to the internet, you will lose quality. Here's what I do:
Have a decent backup scheme. Make sure you have backups of each set of files and videos. I have 3 copies of each high resolution file. One on the drive, one on a DVD (here at home), and one on a DVD at my parents house in case something happens 'here'. Those videos do take up much more space than the pictures do, but I figure it's good to have them now as blackmail for when the kids get married.
For $69 you can get a burner that is high capacity, but can also write labels on the top side of the disc. It's a HP from
Best Buy. (
Link) At that low price, just consider it a 'camera accessory' so you don't lose your data.
On top of that, instead of taking the chance with cheap on sale media from local stores which have a pretty high failure rate, I'd suggest getting high quality blank media from
www.neato.com which is manufactured by
Taiyo-Yuden. They are a little more expensive, but as a person who burns multiple DVDS for use at my church on a weekly basis I swear by them. It's not worth taking a chance and losing your memories for 20-30 cents. Get on their emailing list to get coupons for saving even more.
Finally you can compress for sharing on a hosting site. There are lots of tools out there that will do this for you. My favorite cheap product for this is
Ulead Videostudio. You can make so many different kinds of video formats with this it's not even funny. It's like $70, but also a good deal.
Please ask me if you have any questions about all of this.
There. I've spent about $200 more of your cash. Wooo hoo!!!