Saving ?

Can someone explain the difference between clicking on the 'Save' icon and clicking to the right of the icon and getting Save As ? When you do the latter one is presented with file types, etc.
I assumed that Save would automatically overwrite the original image and have got into the habit of using it. I now think it is not touching the original. Have all those 'Save' actions been wasted - or are the new versions of the files lurking somewhere (unexpected) ?
Tony
I assumed that Save would automatically overwrite the original image and have got into the habit of using it. I now think it is not touching the original. Have all those 'Save' actions been wasted - or are the new versions of the files lurking somewhere (unexpected) ?
Tony