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In this tutorial, the video demonstrates how to save files in various formats and settings. When creating a new workbook, it is initially named Book1, Book2.xlsx, etc. The first step is to save it using the File tab or the keyboard shortcut Ctrl + S, which opens a dialog box to choose a save location and rename the file. The ".xlsx" extension is automatically added upon saving. Users can choose from different file types, with ".xlsx" as the default. For workbooks with macros, saving as ".xlsm" is recommended, alongside options for binary and CSV formats. The video encourages viewers to explore the various file type choices available.
