Hannah, being a long time Mac user, I have a few back up strategies that I use.
First is I occasionally burn my data to a CD and keep it in a seperate location from the computer. Safety deposit boxes are good for this!
Lately, I've started to use this cool little USB flash memory devices. Actually, I like these better than CD's, as you can reuse them.
Finally, I just started using a beta service on the web called mozy http://mozy.com they just began beta testing their mac service. I've been using them to back up, but have not yet tried testing a re-install. I think, since you bring up the back up issue. I will try a restore so I know if they are actually a solution or not.
In my opinion it is best to have a couple of backup schemes that you use regularly. Just in case one of them fails.
Hope that helps Michael

