re: tech question@kitten Well its a redundant system, so how much redundancy you need/want? Consider, for example: 7 daily backups, 4 weekly backups, and 12 monthly backups, all rotating.
This gives you roughly a year's worth of backups for the cost of 21 total backups. Very unlikely you'll ever need the oldest backup, but at least you have something there instead of nothing.
I think the (relatively speaking) older stuff will become more important as it grows in size, so perhaps you won't care about a two month old backup now, but might in two year's time.
tech question@kitten I assume that depends a lot on what kind of data is in the DB, how long would it take to notice damage/corruption/errors? Also if you primarily want to guard against failing disks etc., or also an offline backup to recover from security incidents.