Not a bad idea. Personally I have taken to keeping copies of my most critical — and potentially costly — data as well as current project files on encrypted backups in iCloud or Dropbox. In my case that offers the advantages of:
- Continual instead of periodic backup
- The data is available to me literally anywhere in the world
- It keeps the data on my Mac mini, iPhone, and iPad continually synchronized
- Apple and Dropbox have a far better backup systems for my data than I have.
Of course thoughts of a Thunderbolt RAID 5 array do flick through my mind occasionally.