Hosting some services on a vps provides far better availability of data, than doing it at home. Especially when you need it the most. For example when you are moving to a new home, and need to save documents, or you are abroad, need a document and there is a power outage at home.

Even if you have to trust a 3rd party with your data, (1) you can minimize the privacy risk with encryption and (2) usually VPS/cloud providers have different privacy guaranties than free Google drive...

I have moved a lot of stuff from vps to my home server but I use mine as a glorified reverse proxy for home services with appropriate firewall rules, hosting my website, Adguard dns over https, and Borg backup source. $130cdn/yr.