I also do the same. Also I buy the 5 lb sleeve of cheese/pre-sliced. I love the cheese made by Fields. It is soft and creamy tasting. Much better than the Kraft's brand. I love it and it lasts me for about a month. If I bought the pre-wrapped cheese I would spend lots more.
I store it in a clear plastic container in the fridge with a paper towel folded in the bottom of the container. It is the same as is used in restaurants and each slice peels of easily.