Microsoft Office Word 2003 Question

When I type up a paper, I need these certain settings for every single one of them. I need 1" margins all around, first line indentation, different first page for headers and footers, Comic Sans font size 12, and double spaced lines. I know how to set these settings, but is there a way to keep these settings as my default settings? It is a pain having to set these setting every single time I need to type a paper.

Thanks

 

save this as a template, and just open as what it is

 

Is there a way to save the settings as default settings? I am probaly only going to use MS Word for typing up papers and those settings are required every time I type it up.

Thanks for replying

 

Save it as a template as rdmercer as said above.

 

Thanks