Easiest way to compress and backup data?

So I have a 120GB SSD (boot and immediate programs/games), a 1TB HDD (everything else), and this random 320GB HDD from a long time ago. What is the easiest and fastest way to back up all the contents on the 1TB (about 400 GB) onto the 320GB HDD?
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  1. Best answer

    probably slow a bit but will work.
  2. winrar is nice but $$. 7zip does the same for free.
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