Make sure you do so. My blog is experiencing some difficulty to access its database just now. The next thing I did once I'm able to access it -- DO BACKUP.
Whether you want to do it every day, every week or every month, be sure you put some effort to keep the data safe. I have experienced failure once (imagine losing all your posts) and I don't hope that happen again. If you are not sure how to do it, Skippy's wordpress backup plugin can do the job well. With the plugin, you can even opt to have the backup file mailed to you.
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