Using external drive for Time Machine backup
My wife and I each have a M1 2020 MacBook Air running Sonoma 14.2.1. We had been using Airport Time Capsule to back up both MBAs but after 10+ years, it has reached its shelf life.
Is it feasible to use an external drive, like a SanDisk 2TB Extreme portable SSD, to handle back-up chores for both MBAs? I realize back-up would have to be done manually but if run through Time Machine, would it back up everything I need (files, photos, apps, settings etc)? We don't have a home office or tons of files and photos so I'm trying to avoid the expense and complexity of a NAS. Could I partition the SSD so that each of our MBAs is backed up to a separate partition?
I don't claim to be tech savvy but I'm looking for a reasonable cost solution to make sure that everything is backed up, say, weekly.
I mourn the loss of the Airport Time Capsule. It was such a sweet machine that performed its function seamlessly in the background. (I have a Xfinity router so I am covered there; I just need back-up capability.)
Thanks in advance for any advice
MacBook Air (M1, 2020)