Hi Lee, 
First, you’ll need to add the “Add this to Favorites” links…
If you have a look at the Favorites:Saved documentation, you’ll see a typical usage here would be placing the code into a single entry page. The example shows it like this (assuming you already have the Weblog:Entries loop in a template where you’re currently showing entries, you’d only need to add the {exp:favorites:saved} stuff {/exp:favorites:saved} code to your page):
{exp:weblog:entries}
<h2>{title}</h2>
<p>{body}</p>
{/exp:weblog:entries}
{exp:favorites:saved}
{if saved}
<p><a href="{permalink="favorites/favorite_add"}delete/">Remove from my favorites</a></p>
{/if}
{if not_saved}
<p><a href="{permalink="favorites/favorite_add"}">Add this entry to my favorites</a></p>
{/if}
{/exp:favorites:saved}
The conditionals in that code will determine whether to show “Add” or “Remove” links, based on whether the member has saved the entry or not.
Once you’ve saved a few entries, you can now create a new template to show the entries you’ve saved.
You can use the example from the Favorites:Entries Documentation:
<ul>
{exp:favorites:entries weblog="default_site" orderby="favorites_count" sort="asc" limit="25"}
<li><a href="{title_permalink='site/template'}">{title}</a> (Saved on {favorites_date format="%l, %F %j, %Y at %g:%i %a"})</li>
{/exp:favorites:entries}
</ul>
That code will show all of the entries you’ve saved to Favorites
Perhaps the easiest way to work along with the Docs is to copy and paste the Examples, and fine tune from there 
let me know if you have any questions or trouble.
