Yeah, that is what I usually do. But you have to realize.. I don't do graphic heavy websites. If you see the sites I do, its mostly programming. So this may not be the method you prefer.
Another good way is to crop your .
png file and saving that as another name. That works well too. I usually don't do that because I accidentally saved my original once and lost everything, thats why I stick with the create new blank document, copy, past, and save.