Currently, I donot have much bitcoins to actually justify buying a hardware wallet. Its just signature campaign earnings and small transactions, buying small stuff here and there, that kind of thing. Electrum, on a pretty tightly secure computer works more than fine for me, and it even allows me to customize many things to the finest bit, like transaction fees and stuff.
If you have a lot of bitcoins, that you do not want to lose/cannot afford to lose, thats the time when you have to go to the hassle of storing them on a paper wallet, buying a hardware wallet or using cold storage. These methods are pretty inconvenient, atleast for my tastes, as they have tremendous amounts of security, and its just a lot of awkwardness navigating through all of that security, but its a must for any big amount youre keeping.