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In this video tutorial, the instructor discusses various options for saving files, including different file types and auto-save settings, with a focus on Microsoft 365 users and version history. When creating a new workbook, it is initially given a default name (e.g., Book1.xlsx). To save the workbook, users can click the File tab and select Save, or use the keyboard shortcut Ctrl + S. On first save, a dialog box will appear to choose the folder and provide a file name, without needing to add the .xlsx extension, as it will be automatically appended. Users can select from various file types, with the default being .xlsx; for macro-enabled workbooks, .xlsm is recommended. Other formats include binary and CSV.
