The Favorites folder is installed with the Windows operating system and is typically located on your hard drive in the Windows directory. The Favorites folder is primarily designed to store shortcuts to frequently accessed Web pages, which can be created, saved, modified, and opened using Internet Explorer.

However, the Favorites folder isn't limited to storing Web page shortcuts. It can store documents that you use frequently. The Favorites menu is especially handy for accessing files stored on a network since you don't need to remember the file's location to open it.

To begin, open your document. You must save the file before performing this procedure. Next, open the Web toolbar if it is not displayed. Point to Toolbars on the View menu, and then click Web. On the Web toolbar, click Favorites, and then click Add to Favorites. Click Add.

Now you can easily reopen your document later.