With a little external hard drive, Apple's Time Machine application will save your bacon in the event of a hard disk failure. And if that external drive is big enough and configured it properly, you can also go back and resurrect work that you had trashed or overwritten weeks or months ago. But if you've ever done that, you know Apple didn't make it very convenient, especially if you want to, say, look at the history on one particular file.
Full Specifications
What's new in version 1.21.1
General
ReleaseNovember 30, 2014
Date AddedNovember 30, 2014
Version1.21.1
Operating Systems
Operating SystemsMacintosh, Mac OS X 10.9, Mac OS X 10.10, Mac OS X 10.8, Mac OS X 10.7