Yes, that'll work, but be sure you click 'Save.'
If you don't want to go online, check the 'Work Offline' in the 'File' menu.
Was wondering if you've ever considered downloading a free music program, like 'iTunes.com', or 'aol.music.com?' You do have to provide some info, a password, but there is no monthly(fee)commitment.
If you're interested, check your computer to find what music programs you have, by clicking 'Start", then 'Control Panel."
I'm just mentioning it because if there's a song you like, but don't have, or can't get, you can buy it, and they'll download it for you, and put it into your Music Library too. There is a small fee per song($.99ea.), but that's cheaper than having to buy a whole CD or DVD Music video($1.99ea.) for one song. I just downloaded the whole "Thriller" video.
I see you have another set of problems: Right click on what you want to save, then left click "Select all."
Then left click on "File", and select "Save" or "Save As."
Type in the name of the file, then left click on "Save."