One of my 160GB SATA disk going to crash soon. Smartmontools health assessment test showing the disk expected to failed in less than 24 hours!

~~ transferring almost 130GB data out to another disk ~~ (crossed finger, hopefully all data are recoverable)
Nowadays, the price of hard disk is getting cheaper and cheaper, for example 1 Terabyte SATA hard disk with 5 years warranty cost around S$160.
But I still prefer to get two smaller disks, instead of one large hard disk.
Because when one disk failed, I don’t lose all the data.
What do you think?
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If u get 2 pcs of 250GB hdd, and setup raid 1 mirror. Then u can save time on backup… hehe