also think about where the item(s) are stored
if in a house , then any fire damage, flood etc could cause the backup a problem
Theft - if its left near a computer , then it would likely be picked up along with many items
just depends on how much risk you are prepared to take - I have seen people lose all their photos by not having a backup and how upsetting that can be
I always suggest , at least 3 copies - ideally also online, and 1 kept offsite , but using a proper backup service , not just a drive share
then how frequently you back up will depend again on the risk you are prepared to take and how often items change