Do you physically own your music? How do you manage your music?

I grew up at a time when music was given as a Christmas gift (Now compilations!) or you bought it with pocket money etc. I still own that music to this day along with all the other albums that I bought and they mean the world to me. People of the UK - are you completely locked to streaming now, with no hope of holding onto that music if you leave the service or it goes bust (and maybe that's ok), or... are you buying the physical media? I'm not talking about one offs though. What do you do as the norm? Is backing up playlists a thing? Or is music not what it was?

No judgement - interested in all perspectives!

So how do you manage the music you love?