Don't try to cut costs by purchasing one backup tape and reusing it every day. What happens if you accidentally delete an important file on Tuesday and don't discover your mistake until Thursday? Because the file didn't exist on Wednesday, it won't be on Wednesday's backup tape. If you have only one tape that's reused every day, you're outta luck.
The safest scheme is to use a new backup tape every day and keep all your old tapes in a vault. Pretty soon, though, your tape vault can start looking like the warehouse where they stored the Ark of the Covenant at the end of Raiders of the Lost Ark.
Tip | As a compromise between these two extremes, most users purchase several tapes and rotate them. That way, you always have several backup tapes to fall back on, just in case the file you need isn't on the most recent backup tape. This technique is tape rotation, and several variations are commonly used:
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You should also keep at least one recent full backup at another location. That way, if your office should fall victim to an errant Scud missile or a rogue asteroid, you can re-create your data from the backup copy that you stored off-site.