Order in post processing photo's
I have a couple questions regarding what format to shoot in. I have been shooting in RAW, then converting to a JPEG file, then doing some minor/major adjustments to the picture in photoshop. What advantages do we gain shooting in RAW format? Would it be easier and a space saver on a memory card, to just shoot in JPEG then post process in photoshop? Or should I still shoot in the same pattern I am doing now.
Second question is, what "pattern" do you guys use in processing a photo after it has been shot. (example: take picture, process RAW, save in JPEG, then photoshop it?)
Any help would be appreciated. I thought I started to figure out how to do this, then I saw all the wonderful stuff that photoshop does.
Thank you in advance!