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Saving your work frequently in Excel 2010 is crucial to prevent data loss due to unexpected shutdowns. The "Save As" option allows you to choose a name and location for your file; access it by clicking File and then Save As. This is useful for saving a workbook for the first time or for creating a different version of an existing file. After using Save As, you can use the regular Save command on the Quick Access Toolbar to continue saving in the same location with the same name. Additionally, Excel’s AutoRecover feature automatically saves a copy of your work every 10 minutes, which you can check by navigating to Backstage View and selecting Info after reopening a workbook that closed without saving.