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In this video tutorial, options for saving files in Excel are demonstrated, including different file types and auto-save settings, with a focus on 365 users and version history. When creating a new workbook, it initially has a default name like Book1.xlsx. To save it, go to the File tab and click Save or use the shortcut Ctrl + S, which opens a dialog box to choose a saving location and name the file. The .xlsx extension is automatically appended, and users can select from various file types, with .xlsx being the default. For workbooks with macros, .xlsm should be used, and other formats like binary and .csv are also available for selection.
