I save my originals and usually end up with a separate edited copy when I move my photos from Lightroom to Photoshop.
One tip for those that use Lightroom is if you only edit your photos in Lightroom or don't care to save the edits you do after in Photoshop, you can just create a virtual copy in Lightroom. It preserves your original file and doesn't take up any more space since it's only saving the edit information, not a copy of the actual file.
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