There is very simple django way for doing it.
"Memorise" the values in model init like this:
def __init__(self, *args, **kwargs):
    super(MyClass, self).__init__(*args, **kwargs)
    self.initial_parametername = self.parametername
    ---
    self.initial_parameternameX = self.parameternameX
Real life example:
At class:
def __init__(self, *args, **kwargs):
    super(MyClass, self).__init__(*args, **kwargs)
    self.__important_fields = ['target_type', 'target_id', 'target_object', 'number', 'chain', 'expiration_date']
    for field in self.__important_fields:
        setattr(self, '__original_%s' % field, getattr(self, field))
def has_changed(self):
    for field in self.__important_fields:
        orig = '__original_%s' % field
        if getattr(self, orig) != getattr(self, field):
            return True
    return False
And then in modelform save method:
def save(self, force_insert=False, force_update=False, commit=True):
    # Prep the data
    obj = super(MyClassForm, self).save(commit=False)
    if obj.has_changed():
        # If we're down with commitment, save this shit
        if commit:
            obj.save(force_insert=True)
    return obj